Bailard Inc. Sells 4,745 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Bailard Inc. decreased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 9.1% in the fourth quarter, HoldingsChannel reports. The fund owned 47,651 shares of the real estate investment trust’s stock after selling 4,745 shares during the quarter. Bailard Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $27,000. Blue Trust Inc. grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 394 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during 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 bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at approximately $39,000. Finally, Allworth Financial LP grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,584 shares during the period. Institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 3.3 %

HASI stock opened at $27.78 on Tuesday. The firm has a fifty day moving average price of $27.80 and a 200 day moving average price of $30.67. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $24.00 and a fifty-two week high of $36.56. The firm has a market cap of $3.31 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95. 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 (NYSE:HASI) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate 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 business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. Sell-side analysts anticipate 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. Shareholders of record on Friday, April 4th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, April 4th. This represents a $1.68 annualized dividend and a yield of 6.05%. 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 (DPR) is 106.33%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group cut their price objective on 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. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, January 8th. Truist Financial started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a “buy” rating and a $40.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital 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.