Commonwealth Equity Services LLC lessened its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,276 shares of the real estate investment trust’s stock after selling 5,017 shares during the quarter. Commonwealth Equity Services LLC owned 0.46% of Hannon Armstrong Sustainable Infrastructure Capital worth $12,105,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Amalgamated Bank increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2.6% in the 4th quarter. Amalgamated Bank now owns 11,481 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 290 shares during the last quarter. Legal & General Group Plc raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 0.4% during the fourth quarter. Legal & General Group Plc now owns 75,281 shares of the real estate investment trust’s stock worth $2,182,000 after acquiring an additional 304 shares in the last quarter. Creative Planning boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.2% during the fourth quarter. Creative Planning now owns 12,886 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 394 shares during the last quarter. AllSquare Wealth Management LLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 7.8% in the fourth quarter. AllSquare Wealth Management LLC now owns 5,994 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 436 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.9% during the 1st quarter. Los Angeles Capital Management LLC now owns 9,562 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 446 shares during the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.
Analyst Ratings Changes
HASI has been the subject of several recent analyst reports. Bank of America raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, August 15th. JPMorgan Chase & Co. decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $49.00 to $45.00 in a research report on Wednesday, July 19th. StockNews.com started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, Citigroup started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, August 17th. They set a “neutral” rating and a $24.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.50.
Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.3 %
Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $20.32 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 20.65 and a current ratio of 20.65. The firm has a 50-day moving average of $24.57 and a 200-day moving average of $26.66. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $19.46 and a 52-week high of $42.83. The stock has a market cap of $2.18 billion, a PE ratio of 36.29, a PEG ratio of 1.02 and a beta of 1.69.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 19.94% and a return on equity of 10.20%. The firm had revenue of $74.33 million during the quarter, compared to the consensus estimate of $32.13 million. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, sell-side analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 1.95 EPS for the current year.
Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.395 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.58 dividend on an annualized basis and a yield of 7.78%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 282.15%.
Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital
In related news, CAO Charles Melko bought 2,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction dated Friday, August 18th. The shares were bought at an average cost of $21.24 per share, with a total value of $42,480.00. Following the acquisition, the chief accounting officer now owns 22,563 shares in the company, valued at approximately $479,238.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Charles Melko purchased 2,000 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $21.24 per share, with a total value of $42,480.00. Following the acquisition, the chief accounting officer now owns 22,563 shares in the company, valued at approximately $479,238.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Lipson acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $21.09 per share, for a total transaction of $84,360.00. Following the completion of the purchase, the chief executive officer now directly owns 36,925 shares of the company’s stock, valued at $778,748.25. The disclosure for this purchase can be found here. Insiders purchased 22,025 shares of company stock valued at $458,814 in the last three months. Corporate insiders own 2.30% of the company’s stock.
Hannon Armstrong Sustainable Infrastructure Capital Profile
Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.
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