Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by Harrington Investments INC

Harrington Investments INC lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 4.1% during the third quarter, HoldingsChannel reports. The fund owned 12,824 shares of the real estate investment trust’s stock after acquiring an additional 500 shares during the quarter. Harrington Investments INC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Macroview Investment Management LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth $31,000. Scarborough Advisors LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $40,000. Plato Investment Management Ltd purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at about $49,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at about $69,000. Finally, Addison Advisors LLC boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 580 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 2.8 %

NYSE HASI opened at $35.01 on Tuesday. The company’s fifty day simple moving average is $32.93 and its 200-day simple moving average is $30.91. The stock has a market cap of $3.99 billion, a P/E ratio of 17.00, a PEG ratio of 1.29 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $16.13 and a 52 week high of $36.15. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The company had revenue of $94.52 million during the quarter, compared to the consensus estimate of $30.97 million. During the same period last year, the firm earned $0.53 earnings per share. Equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HASI. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Robert W. Baird raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Mizuho raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Buy” and a consensus target price of $39.25.

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.