DnB Asset Management AS Has $2.24 Million Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

DnB Asset Management AS grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 73.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,575 shares of the real estate investment trust’s stock after buying an additional 35,464 shares during the quarter. DnB Asset Management AS owned 0.07% of Hannon Armstrong Sustainable Infrastructure Capital worth $2,242,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the 4th quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust’s stock worth $926,000 after purchasing an additional 377 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 394 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,294 shares of the real estate investment trust’s stock worth $679,000 after buying an additional 402 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust’s stock valued at $482,000 after acquiring an additional 432 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in 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 in the last quarter. Institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Truist Financial initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a “buy” rating and a $40.00 price target for the company. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price target on the stock. The Goldman Sachs Group dropped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. cut their price target on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.7 %

Shares of HASI stock opened at $29.02 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $24.00 and a 12-month high of $36.56. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The firm has a fifty day moving average of $28.51 and a 200-day moving average of $30.18. The company has a market capitalization of $3.46 billion, a price-to-earnings 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 earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The firm had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. As a group, equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.79%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 106.33%.

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.