Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Acquired by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm owned 100,000 shares of the real estate investment trust’s stock after purchasing an additional 5,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $2,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,104,764 shares of the real estate investment trust’s stock valued at $29,641,000 after purchasing an additional 11,250 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 216.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,245 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 4,953 shares during the period. Modera Wealth Management LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $237,000. Smartleaf Asset Management LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 439 shares during the period. Finally, Williamson Legacy Group LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $752,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 3.3 %

HASI opened at $27.78 on Tuesday. The business’s fifty day moving average is $27.80 and its two-hundred day moving average is $30.67. 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 $3.31 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.06 and a beta of 1.95. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $24.00 and a one year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 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 analysts’ expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. Analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a $0.42 dividend. This is an increase 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 6.05%. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 106.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 target price on the stock. Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Wednesday, January 8th. Truist Financial started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 price objective on the stock. Bank of America started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.