Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 67.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 reporting period.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 54.6% in the 2nd quarter. SG Americas Securities LLC now owns 10,138 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 3,580 shares during the period. Raymond James & Associates lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.6% during the second quarter. Raymond James & Associates now owns 199,968 shares of the real estate investment trust’s stock worth $5,919,000 after purchasing an additional 3,163 shares during the period. Nisa Investment Advisors LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 29,138 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 432 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 57,200 shares of the real estate investment trust’s stock valued at $1,693,000 after buying an additional 2,100 shares during the period. Finally, Lebenthal Global Advisors LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth $201,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HASI has been the topic of a number of recent analyst reports. Royal Bank of Canada assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price target on the stock. Citigroup increased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Jefferies Financial Group began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price objective for the company. Finally, Robert W. Baird boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.8 %

Shares of HASI stock opened at $26.39 on Friday. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 14.83, a PEG 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 firm has a 50-day moving average price of $31.37 and a 200 day moving average price of $31.84. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.77 and a twelve month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

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

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of the business’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

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.