Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 39,899 shares of the real estate investment trust’s stock after acquiring an additional 574 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock valued at $455,216,000 after acquiring an additional 491,585 shares in the last quarter. State Street Corp boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the third quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock valued at $152,575,000 after acquiring an additional 42,762 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in the third quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock valued at $90,912,000 after acquiring an additional 53,799 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust’s stock valued at $59,265,000 after acquiring an additional 602,456 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $73,622,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HASI. Wells Fargo & Company began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price objective for the company. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, January 8th. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a “buy” rating and a $40.00 price objective for the company. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 1.3 %

NYSE HASI opened at $29.30 on Friday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $24.00 and a twelve month high of $36.56. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.06 and a beta of 2.04. The firm’s 50 day moving average price is $28.29 and its two-hundred day moving average price is $30.35.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. The firm had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. Equities analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 5.73%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 106.33%.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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.