PFG Investments LLC Sells 3,645 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

PFG Investments LLC reduced its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 220,095 shares of the real estate investment trust’s stock after selling 3,645 shares during the quarter. PFG Investments LLC owned approximately 0.19% of Hannon Armstrong Sustainable Infrastructure Capital worth $6,515,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after purchasing an additional 713,519 shares during the period. Swedbank AB raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after acquiring an additional 257,233 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock valued at $51,161,000 after purchasing an additional 267,304 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 19.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,027,913 shares of the real estate investment trust’s stock worth $28,350,000 after purchasing an additional 166,192 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,010,904 shares of the real estate investment trust’s stock valued at $27,881,000 after purchasing an additional 89,164 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on HASI shares. The Goldman Sachs Group raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Tuesday, June 25th. Royal Bank of Canada initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They set a “buy” rating and a $39.00 target price for the company. Finally, TD Cowen raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI opened at $32.10 on Monday. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 1.16 and a beta of 1.98. The business’s 50-day moving average price is $31.41 and its two-hundred day moving average price is $29.40. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $13.22 and a 1 year high of $34.00. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The firm had revenue of $94.52 million during the quarter, compared to the consensus estimate of $30.97 million. During the same quarter in the prior year, the firm posted $0.53 EPS. Equities analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.31 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.415 per share. The ex-dividend date is Friday, October 4th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.17%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 80.58%.

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.