Skandinaviska Enskilda Banken AB publ Takes $913,000 Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Skandinaviska Enskilda Banken AB publ purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,200 shares of the real estate investment trust’s stock, valued at approximately $913,000.

A number of other hedge funds also recently bought and sold shares of HASI. Swiss National Bank grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.1% in the 4th quarter. Swiss National Bank now owns 229,634 shares of the real estate investment trust’s stock worth $6,161,000 after buying an additional 6,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 324.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 290,106 shares of the real estate investment trust’s stock valued at $7,784,000 after acquiring an additional 221,735 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 8.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,050 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 983 shares in the last quarter. Truvestments Capital LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2,083.0% during the fourth quarter. Truvestments Capital LLC now owns 18,403 shares of the real estate investment trust’s stock worth $494,000 after acquiring an additional 17,560 shares during the last quarter. Finally, Natural Investments LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at approximately $6,351,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI opened at $29.63 on Tuesday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.06 and a beta of 2.04. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $24.00 and a 12-month high of $36.56. The business’s fifty day simple moving average is $28.08 and its 200-day simple moving average is $30.44.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted 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 business had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. On average, equities research 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. Investors of record on Friday, April 4th will be paid a $0.42 dividend. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a yield of 5.67%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 106.33%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, January 8th. Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 price objective on the stock. The Goldman Sachs Group lowered their target price on shares of 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. cut their price target on shares of 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. Finally, Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective for the company. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.71.

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.