Covestor Ltd Buys 530 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Covestor Ltd lifted its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 31.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,232 shares of the real estate investment trust’s stock after purchasing an additional 530 shares during the period. Covestor Ltd’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $77,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Macroview Investment Management LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth about $31,000. Plato Investment Management Ltd purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at $49,000. Point72 Hong Kong Ltd purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at about $69,000. Addison Advisors LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% in the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 580 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $90,000. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 1.7 %

HASI opened at $27.35 on Thursday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $20.89 and a 12 month high of $36.56. The stock has a fifty day moving average price of $33.77 and a 200-day moving average price of $32.02. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.00 and a beta of 1.98. The company has a current ratio of 13.55, a quick ratio of 13.27 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 93.26%.

Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

HASI has been the topic of a number of research reports. Mizuho boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Morgan Stanley boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Jefferies Financial Group started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 target price for the company. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday. Finally, Citigroup boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.83.

About Hannon Armstrong Sustainable Infrastructure Capital

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.