Tidal Investments LLC Cuts Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Tidal Investments LLC trimmed its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 67.2% in the third quarter, Holdings Channel.com reports. The firm owned 27,244 shares of the real estate investment trust’s stock after selling 55,912 shares during the quarter. Tidal Investments LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $939,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Erste Asset Management GmbH purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $73,622,000. Encompass Capital Advisors LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at about $18,759,000. Wellington Management Group LLP increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after acquiring an additional 491,585 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 68.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust’s stock worth $31,487,000 after purchasing an additional 371,593 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock valued at $51,161,000 after purchasing an additional 267,304 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Marc T. Pangburn bought 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction on Monday, November 11th. The shares were bought at an average price of $28.71 per share, with a total value of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HASI has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Robert W. Baird boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Finally, Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a “buy” rating and a $39.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $26.39 on Friday. The stock has a market cap of $3.13 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.93. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The stock has a 50 day moving average of $31.37 and a 200-day moving average of $31.84. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.77 and a 52 week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.415 per share. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 6.29%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 93.26%.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.