Amundi Lowers Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Amundi lowered its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 9.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,611,227 shares of the real estate investment trust’s stock after selling 265,455 shares during the period. Amundi’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $70,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HASI. Janney Montgomery Scott LLC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 67,933 shares of the real estate investment trust’s stock worth $2,342,000 after purchasing an additional 1,201 shares during the period. Covestor Ltd boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 530 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 15.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 15,256 shares of the real estate investment trust’s stock worth $526,000 after purchasing an additional 2,092 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,603 shares of the real estate investment trust’s stock worth $2,055,000 after purchasing an additional 1,610 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 25,042 shares of the real estate investment trust’s stock valued at $863,000 after buying an additional 1,574 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI opened at $28.61 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $24.00 and a twelve month high of $36.56. The firm’s fifty day simple moving average is $27.96 and its 200-day simple moving average is $30.56. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.06 and a beta of 2.04. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS 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 company had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. Equities analysts forecast 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 paid a dividend of $0.42 per share. 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 yield of 5.87%. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 106.33%.

Analyst Ratings Changes

HASI has been the subject of several recent research reports. Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They issued a “buy” rating and a $40.00 price target for the company. Bank of America initiated 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 for the company. 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 for the company in a research report on Thursday, January 23rd. Wells Fargo & Company initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price target for the company. Finally, Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve 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 has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

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.