Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Stake Increased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,646 shares of the real estate investment trust’s stock after acquiring an additional 4,375 shares during the period. Apollon Wealth Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $928,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.4% in the 4th quarter. Maryland State Retirement & Pension System now owns 40,403 shares of the real estate investment trust’s stock worth $1,114,000 after acquiring an additional 944 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth $348,000. Avalon Trust Co increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 4.5% during the fourth quarter. Avalon Trust Co now owns 159,650 shares of the real estate investment trust’s stock valued at $4,403,000 after purchasing an additional 6,900 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 11.7% during the fourth quarter. Merit Financial Group LLC now owns 20,429 shares of the real estate investment trust’s stock worth $563,000 after purchasing an additional 2,141 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,322.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,845 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,645 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on HASI. B. Riley boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Morgan Stanley upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. TheStreet upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. Bank of America upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group lifted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $32.67 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 19.42 and a quick ratio of 19.42. The company has a market cap of $3.72 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 0.99 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $13.22 and a fifty-two week high of $32.74. The firm’s 50 day simple moving average is $26.24 and its 200-day simple moving average is $24.78.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.415 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.66 dividend on an annualized basis and a yield of 5.08%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 123.88%.

Hannon Armstrong Sustainable Infrastructure Capital Company 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.