Border to Coast Pensions Partnership Ltd lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 445,000 shares of the real estate investment trust’s stock after purchasing an additional 45,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned 0.38% of Hannon Armstrong Sustainable Infrastructure Capital worth $11,931,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 42.1% during the third quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock worth $10,361,000 after buying an additional 89,126 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock worth $6,822,000 after acquiring an additional 27,529 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock worth $1,932,000 after acquiring an additional 21,446 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $2,451,000. Finally, Creative Planning acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $548,000. Institutional investors own 96.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on HASI. The Goldman Sachs Group reduced 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 report on Tuesday, December 17th. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. Robert W. Baird boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, January 8th. Finally, Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.
Hannon Armstrong Sustainable Infrastructure Capital Stock Performance
HASI stock opened at $28.19 on Friday. The firm has a market cap of $3.34 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.00 and a beta of 1.94. 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 stock has a 50-day moving average price of $28.53 and a 200-day moving average price of $31.31. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.77 and a 1-year high of $36.56.
Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 93.26%.
Insiders Place Their Bets
In related news, CFO Marc T. Pangburn acquired 3,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were purchased at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the acquisition, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.
Hannon Armstrong Sustainable Infrastructure Capital 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.
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