Plan Group Financial LLC Has $288,000 Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Plan Group Financial LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,725 shares of the real estate investment trust’s stock after acquiring an additional 540 shares during the quarter. Plan Group Financial LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Truist Financial Corp boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% during the fourth quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 449 shares during the period. Principal Financial Group Inc. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 574,402 shares of the real estate investment trust’s stock worth $15,411,000 after acquiring an additional 25,682 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 26.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 75,646 shares of the real estate investment trust’s stock worth $2,030,000 after acquiring an additional 16,043 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% in the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,584 shares during the last quarter. Finally, Congress Asset Management Co. lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.7% in the fourth quarter. Congress Asset Management Co. now owns 39,839 shares of the real estate investment trust’s stock worth $1,069,000 after purchasing an additional 1,772 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE HASI opened at $29.14 on Wednesday. The company has a fifty day moving average price of $27.80 and a 200-day moving average price of $30.79. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.05 and a beta of 1.95. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $24.00 and a 1 year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). The business had revenue of $37.74 million during 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%. As a group, equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.42 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm 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 boost 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 5.77%. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 105.06%.

Wall Street Analysts Forecast Growth

HASI has been the subject of several analyst reports. Truist Financial started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a “buy” rating and a $40.00 price objective for the company. Bank of America began 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 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 note on Wednesday, January 8th. The Goldman Sachs Group decreased their target price 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. dropped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.23.

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.