Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Cascade Investment Group Inc.

Cascade Investment Group Inc. reduced its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,075 shares of the real estate investment trust’s stock after selling 1,200 shares during the quarter. Cascade Investment Group Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HASI. Macroview Investment Management LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at $31,000. Scarborough Advisors LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $40,000. Plato Investment Management Ltd acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth about $49,000. Point72 Hong Kong Ltd acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $69,000. Finally, Addison Advisors LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 580 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $35.01 on Wednesday. The stock’s 50 day moving average price is $33.13 and its 200 day moving average price is $31.00. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $16.13 and a one year high of $36.15. The firm has a market capitalization of $3.99 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.98. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27.

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

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 80.58%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HASI. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Tuesday, June 25th. Jefferies Financial Group started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target on the stock. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target on the stock. Finally, The Goldman Sachs Group upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $39.25.

About Hannon Armstrong Sustainable Infrastructure Capital

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.