MeadowBrook Investment Advisors LLC Invests $348,000 in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

MeadowBrook Investment Advisors LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,605 shares of the real estate investment trust’s stock, valued at approximately $348,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust’s stock valued at $252,378,000 after purchasing an additional 1,847,577 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 146.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,016,525 shares of the real estate investment trust’s stock worth $21,550,000 after acquiring an additional 603,743 shares during the last quarter. Van ECK Associates Corp grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 44.9% during the 4th quarter. Van ECK Associates Corp now owns 1,883,537 shares of the real estate investment trust’s stock worth $51,948,000 after acquiring an additional 583,665 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5,098.0% in the third quarter. Principal Financial Group Inc. now owns 576,302 shares of the real estate investment trust’s stock worth $12,218,000 after purchasing an additional 565,215 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth $10,217,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 1.9 %

Shares of NYSE:HASI traded up $0.49 during midday trading on Tuesday, hitting $26.55. 104,157 shares of the company’s stock were exchanged, compared to its average volume of 964,635. The company has a debt-to-equity ratio of 1.98, a current ratio of 19.42 and a quick ratio of 19.42. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $13.22 and a 12 month high of $29.88. The company has a market cap of $3.02 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 0.99 and a beta of 1.88. The stock has a 50 day moving average price of $25.96 and a 200-day moving average price of $24.62.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.415 dividend. The ex-dividend date was Thursday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a dividend yield of 6.25%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 123.88%.

Analyst Ratings Changes

Several analysts recently commented on HASI shares. Morgan Stanley upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, February 26th. StockNews.com raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. TheStreet upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. Finally, Bank of America lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and an average price target of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Profile

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.