LGL Partners LLC Takes Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

LGL Partners LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,000 shares of the real estate investment trust’s stock, valued at approximately $248,000.

Other large investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,411.7% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 150,714 shares of the real estate investment trust’s stock valued at $4,192,000 after buying an additional 140,744 shares during the last quarter. Cascade Investment Group Inc. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at about $1,225,000. Raymond James & Associates raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 20.9% during the fourth quarter. Raymond James & Associates now owns 207,946 shares of the real estate investment trust’s stock valued at $5,735,000 after buying an additional 35,920 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at about $1,533,000. Finally, Vanguard Group Inc. raised its position in shares of 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 buying an additional 1,847,577 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Bank of America upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. B. Riley upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. Finally, Mizuho upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Moderate Buy” and a consensus target price of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI traded down $0.33 during mid-day trading on Tuesday, hitting $25.17. 545,220 shares of the company traded hands, compared to its average volume of 969,104. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $13.22 and a one year high of $29.88. The company has a current ratio of 19.42, a quick ratio of 19.42 and a debt-to-equity ratio of 1.98. The business has a 50-day moving average of $25.94 and a 200 day moving average of $24.35. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 0.99 and a beta of 1.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.415 dividend. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a yield of 6.60%. The ex-dividend date was Thursday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 123.88%.

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.