American Century Companies Inc. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 30.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 493,098 shares of the real estate investment trust’s stock after purchasing an additional 114,607 shares during the quarter. American Century Companies Inc. owned about 0.54% of Hannon Armstrong Sustainable Infrastructure Capital worth $14,009,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Amalgamated Bank grew its stake in shares of 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 period. Legal & General Group Plc grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 0.4% in the fourth quarter. Legal & General Group Plc now owns 75,281 shares of the real estate investment trust’s stock valued at $2,182,000 after acquiring an additional 304 shares during the period. Creative Planning increased its holdings in shares of 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 acquiring an additional 394 shares in the last quarter. AllSquare Wealth Management LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.8% during the fourth quarter. AllSquare Wealth Management LLC now owns 5,994 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 436 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.1% in the 2nd quarter. Prudential Financial Inc. now owns 6,738 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 446 shares in the last quarter. 85.96% of the stock is owned by institutional investors.
Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital
In other news, CAO Charles Melko purchased 2,000 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average price of $21.24 per share, with a total value of $42,480.00. Following the transaction, the chief accounting officer now directly owns 22,563 shares of the company’s stock, valued at $479,238.12. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other Hannon Armstrong Sustainable Infrastructure Capital news, CAO Charles Melko acquired 2,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were acquired at an average cost of $21.24 per share, with a total value of $42,480.00. Following the completion of the acquisition, the chief accounting officer now directly owns 22,563 shares in the company, valued at $479,238.12. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Lipson bought 4,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction dated Monday, August 21st. The stock was acquired at an average price of $21.09 per share, with a total value of $84,360.00. Following 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. Over the last ninety days, insiders bought 22,025 shares of company stock valued at $458,814. Company insiders own 2.30% of the company’s stock.
Hannon Armstrong Sustainable Infrastructure Capital Stock Up 3.2 %
Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.06. The company had revenue of $74.33 million during the quarter, compared to analyst estimates of $32.13 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 19.94% and a return on equity of 10.20%. During the same quarter in the prior year, the business earned $0.60 earnings per share. Analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 1.95 earnings per share for the current year.
Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, October 4th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.58 annualized dividend and a yield of 6.85%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 282.14%.
Analysts Set New Price Targets
Several research analysts have weighed in on HASI shares. Bank of America upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, August 15th. JPMorgan Chase & Co. cut their price target on Hannon Armstrong Sustainable Infrastructure Capital from $49.00 to $45.00 in a research note on Wednesday, July 19th. StockNews.com initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, August 17th. They issued a “sell” rating for the company. Finally, Citigroup assumed 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.50.
Get Our Latest Stock Report on Hannon Armstrong Sustainable Infrastructure Capital
Hannon Armstrong Sustainable Infrastructure Capital Company 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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