Quantbot Technologies LP Sells 16,556 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Quantbot Technologies LP lowered its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 43.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,386 shares of the real estate investment trust’s stock after selling 16,556 shares during the quarter. Quantbot Technologies LP’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $574,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HASI. Legend Financial Advisors Inc. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at approximately $27,000. Blue Trust Inc. raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 394 shares during the period. Smartleaf Asset Management LLC raised its stake in 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 valued at $37,000 after acquiring an additional 439 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $39,000. Finally, Allworth Financial LP lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,584 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group dropped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their target price 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. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, January 8th. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Wells Fargo & Company initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an “overweight” rating and a $33.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.1 %

Shares of HASI stock opened at $29.36 on Friday. The stock has a 50 day simple moving average of $28.45 and a two-hundred day simple moving average of $30.28. The company has a market cap of $3.50 billion, a P/E ratio of 18.58, a PEG ratio of 1.06 and a beta of 2.04. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $24.00 and a fifty-two week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued 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). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The firm had revenue of $37.74 million during the quarter, compared to the consensus estimate of $25.93 million. Research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 106.33%.

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.