Commonwealth Equity Services LLC Lowers Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Commonwealth Equity Services LLC lowered its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 314,841 shares of the real estate investment trust’s stock after selling 4,790 shares during the period. Commonwealth Equity Services LLC owned about 0.27% of Hannon Armstrong Sustainable Infrastructure Capital worth $8,447,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HASI. Legend Financial Advisors Inc. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $27,000. Blue Trust Inc. boosted its holdings 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 worth $29,000 after purchasing an additional 394 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 439 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $39,000. Finally, Allworth Financial LP lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,584 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.2 %

Shares of HASI opened at $29.50 on Thursday. The company’s 50-day simple moving average is $28.16 and its 200-day simple moving average is $30.40. 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, Inc. has a 1 year low of $24.00 and a 1 year high of $36.56. The stock has a market capitalization of $3.52 billion, a PE ratio of 18.67, a P/E/G ratio of 1.06 and a beta of 2.04.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The business had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. Analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.42 per share. 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 annualized dividend and a yield of 5.70%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 106.33%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HASI shares. Wells Fargo & Company initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an “overweight” rating and a $33.00 target price for the company. Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. Citigroup upgraded shares of 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 report on Wednesday, January 8th. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price objective on 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average 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.