Baldwin Brothers LLC MA Reduces Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Baldwin Brothers LLC MA decreased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,250 shares of the real estate investment trust’s stock after selling 1,024 shares during the quarter. Baldwin Brothers LLC MA’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HASI. Swedbank AB acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth approximately $106,881,000. Norges Bank acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $24,660,000. Vanguard Group Inc. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after acquiring an additional 713,519 shares during the period. AGF Management Ltd. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $17,171,000. Finally, Van ECK Associates Corp boosted its stake 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 purchasing an additional 583,665 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HASI has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Oppenheimer reissued an “outperform” rating and issued a $48.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, May 16th. TD Cowen increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Mizuho boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Morgan Stanley raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.00.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.8 %

Shares of HASI traded down $0.55 during midday trading on Friday, hitting $30.71. The company had a trading volume of 577,578 shares, compared to its average volume of 1,085,128. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.20 and a beta of 1.98. The company’s 50 day moving average price is $31.12 and its 200 day moving average price is $28.29. The company has a quick ratio of 15.61, a current ratio of 15.60 and a debt-to-equity ratio of 1.87. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $13.22 and a 52 week high of $34.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. The firm had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.34% and a net margin of 69.21%. During the same period last year, the business posted $0.53 earnings per share. On average, equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 80.58%.

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.