Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Perpetual Ltd

Perpetual Ltd reduced its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 35.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 325,464 shares of the real estate investment trust’s stock after selling 179,978 shares during the quarter. Perpetual Ltd’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $11,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock valued at $119,012,000 after purchasing an additional 257,233 shares during the period. Tidal Investments LLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 48.0% in the 1st quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock worth $2,321,000 after acquiring an additional 26,508 shares in the last quarter. Abundance Wealth Counselors purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth $1,110,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 38.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 837,163 shares of the real estate investment trust’s stock worth $23,775,000 after acquiring an additional 232,351 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 77.5% during the first quarter. Janney Montgomery Scott LLC now owns 52,828 shares of the real estate investment trust’s stock valued at $1,500,000 after purchasing an additional 23,063 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HASI. The Goldman Sachs Group upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Jefferies Financial Group initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 target price for the company. Royal Bank of Canada began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target on the stock. Morgan Stanley increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 4.1 %

Shares of HASI stock opened at $33.16 on Friday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $15.71 and a twelve month high of $36.15. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.29 and a beta of 1.98. The company’s 50-day moving average price is $32.87 and its 200-day moving average price is $30.81. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same period in the previous year, the business posted $0.53 EPS. As a group, equities analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.415 per share. The ex-dividend date is Friday, October 4th. This represents a $1.66 annualized dividend and a yield of 5.01%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 77.21%.

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.