DnB Asset Management AS Buys 35,464 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

DnB Asset Management AS lifted its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 73.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 83,575 shares of the real estate investment trust’s stock after acquiring an additional 35,464 shares during the period. DnB Asset Management AS’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $2,242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HASI. Legend Financial Advisors Inc. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $27,000. Blue Trust Inc. boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 394 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 439 shares during the last quarter. Roxbury Financial LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $39,000. Finally, Allworth Financial LP lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,584 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.7 %

Shares of HASI stock opened at $29.02 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $24.00 and a fifty-two week high of $36.56. The stock’s fifty day moving average price is $28.51 and its two-hundred day moving average price is $30.18. 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 company has a market cap of $3.46 billion, a PE ratio of 18.37, a P/E/G ratio of 1.06 and a beta of 2.04.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released 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 net margin of 52.15% and a return on equity of 11.84%. The business had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Equities analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a dividend yield of 5.79%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 106.33%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 target price for the company. The Goldman Sachs Group decreased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. dropped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price target on the stock. Finally, 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 research note on Wednesday, January 8th. One 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

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.