7,274 Shares in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Bought by Wedbush Securities Inc.

Posted by Defense World Staff on Apr 19th, 2023

Wedbush Securities Inc. acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,274 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Several other hedge funds also recently added to or reduced their stakes in HASI. AlphaCrest Capital Management LLC lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 9.5% during the first quarter. AlphaCrest Capital Management LLC now owns 8,712 shares of the real estate investment trust’s stock worth $413,000 after purchasing an additional 754 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 22.7% during the 1st quarter. Natixis Advisors L.P. now owns 12,806 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 2,371 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 40,317 shares of the real estate investment trust’s stock worth $1,912,000 after acquiring an additional 14,237 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 37,622 shares of the real estate investment trust’s stock valued at $1,784,000 after acquiring an additional 1,207 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 7,833,390 shares of the real estate investment trust’s stock valued at $371,538,000 after acquiring an additional 86,269 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on HASI shares. Bank of America upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $39.00 to $34.00 in a research note on Tuesday, January 24th. Morgan Stanley dropped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $58.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 10th. JPMorgan Chase & Co. decreased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday, February 17th. Oppenheimer dropped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, February 17th. Finally, Cowen reduced their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $44.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Hold” and a consensus price target of $43.71.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In related news, EVP Susan D. Nickey acquired 2,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Thursday, March 16th. The stock was acquired at an average price of $23.91 per share, with a total value of $47,820.00. Following the completion of the acquisition, the executive vice president now directly owns 58,245 shares of the company’s stock, valued at approximately $1,392,637.95. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Susan D. Nickey acquired 2,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average price of $23.91 per share, for a total transaction of $47,820.00. Following the completion of the purchase, the executive vice president now directly owns 58,245 shares of the company’s stock, valued at $1,392,637.95. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Marc T. Pangburn bought 3,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was purchased at an average price of $24.12 per share, with a total value of $72,360.00. Following the completion of the transaction, the chief financial officer now directly owns 48,291 shares of the company’s stock, valued at $1,164,778.92. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,087 shares of company stock worth $170,101 over the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $28.50 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $21.56 and a 12-month high of $46.24. The company has a debt-to-equity ratio of 1.79, a current ratio of 18.57 and a quick ratio of 18.57. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 61.96, a price-to-earnings-growth ratio of 1.35 and a beta of 1.68. The business has a 50 day simple moving average of $29.56 and a 200 day simple moving average of $30.21.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 10th. Stockholders of record on Monday, April 3rd were paid a $0.395 dividend. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, March 31st. This represents a $1.58 annualized dividend and a dividend yield of 5.54%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 343.49%.

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.