Millstone Evans Group LLC Makes New $47,000 Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Millstone Evans Group LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,750 shares of the real estate investment trust’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HASI. Victory Capital Management Inc. boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.7% during the third quarter. Victory Capital Management Inc. now owns 25,042 shares of the real estate investment trust’s stock valued at $863,000 after acquiring an additional 1,574 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.9% during the third quarter. Natixis Advisors LLC now owns 32,588 shares of the real estate investment trust’s stock valued at $1,123,000 after acquiring an additional 597 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,371 shares of the real estate investment trust’s stock valued at $2,357,000 after acquiring an additional 571 shares during the period. Intech Investment Management LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at $950,000. Finally, Nwam LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at $1,046,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $29.30 on Monday. The stock’s 50-day moving average price is $28.29 and its two-hundred day moving average price is $30.34. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The company has a market cap of $3.49 billion, a PE ratio of 18.54, a PEG ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $24.00 and a 1 year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). The company 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%. On average, analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently disclosed 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 represents a $1.68 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 106.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HASI shares. Truist Financial initiated 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. Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective for the company. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus 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.