First Trust Advisors LP Trims Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Posted by on Mar 10th, 2023

First Trust Advisors LP lowered its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 575,778 shares of the real estate investment trust’s stock after selling 13,689 shares during the quarter. First Trust Advisors LP owned about 0.65% of Hannon Armstrong Sustainable Infrastructure Capital worth $17,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CoreCap Advisors LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $35,000. Lazard Asset Management LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the first quarter worth $38,000. Allspring Global Investments Holdings LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth $48,000. Prospera Financial Services Inc increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 18.1% in the second quarter. Prospera Financial Services Inc now owns 1,658 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 254 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at $109,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI opened at $29.23 on Friday. The company has a market capitalization of $2.66 billion, a PE ratio of 63.54, a PEG ratio of 1.48 and a beta of 1.67. The company has a debt-to-equity ratio of 1.79, a quick ratio of 18.57 and a current ratio of 18.57. The company’s 50 day moving average price is $33.33 and its 200 day moving average price is $32.28. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.56 and a 52 week high of $49.71.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Monday, April 3rd will be paid a $0.395 dividend. The ex-dividend date is Friday, March 31st. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.38. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.41%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 326.09%.

Analyst Upgrades and Downgrades

HASI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Hannon Armstrong Sustainable Infrastructure Capital from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Friday, February 17th. Cowen reduced their target price on Hannon Armstrong Sustainable Infrastructure Capital from $44.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, February 23rd. Morgan Stanley decreased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $58.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 10th. TheStreet lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “b-” rating to a “c” rating in a report on Thursday, February 16th. Finally, Bank of America raised shares of Hannon Armstrong Sustainable Infrastructure Capital from an “underperform” rating to a “neutral” rating and decreased their price objective for the stock from $39.00 to $34.00 in a research note on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.71.

Hannon Armstrong Sustainable Infrastructure Capital Profile

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Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in the business of investing in climate solutions and the provision of capital to assets developed by companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. It focuses on generating attractive returns from a diversified portfolio of project company investments with long-term, predictable cash flows from proven technologies that reduce carbon emissions or increase resilience to climate change.

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Institutional Ownership by Quarter for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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