Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Stake Increased by Everence Capital Management Inc.

Everence Capital Management Inc. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 37.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,340 shares of the real estate investment trust’s stock after purchasing an additional 4,210 shares during the period. Everence Capital Management Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $423,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 18.4% during the third quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust’s stock valued at $252,378,000 after purchasing an additional 1,847,577 shares during the last quarter. BlackRock Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 22.5% during the second quarter. BlackRock Inc. now owns 8,702,176 shares of the real estate investment trust’s stock valued at $217,554,000 after purchasing an additional 1,599,641 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 14.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,856,866 shares of the real estate investment trust’s stock valued at $111,772,000 after purchasing an additional 498,044 shares during the last quarter. Amundi increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 58.8% during the fourth quarter. Amundi now owns 2,898,675 shares of the real estate investment trust’s stock valued at $85,859,000 after purchasing an additional 1,073,727 shares during the last quarter. Finally, State Street Corp increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the second quarter. State Street Corp now owns 2,162,923 shares of the real estate investment trust’s stock valued at $54,073,000 after purchasing an additional 300,785 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI stock opened at $24.40 on Thursday. The company has a market capitalization of $2.78 billion, a P/E ratio of 18.21, a PEG ratio of 0.91 and a beta of 1.88. The company has a 50-day simple moving average of $25.85 and a 200 day simple moving average of $23.78. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $13.22 and a fifty-two week high of $29.88. The company has a quick ratio of 19.42, a current ratio of 19.42 and a debt-to-equity ratio of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.66 annualized dividend and a yield of 6.80%. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 123.88%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HASI shares. TheStreet upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. Bank of America boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. The Goldman Sachs Group boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, February 16th. B. Riley boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $41.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Morgan Stanley boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and an average price target of $31.89.

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.