Trillium Asset Management LLC Cuts Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Trillium Asset Management LLC lowered its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,364 shares of the real estate investment trust’s stock after selling 20,047 shares during the quarter. Trillium Asset Management LLC owned 0.19% of Hannon Armstrong Sustainable Infrastructure Capital worth $5,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Erste Asset Management GmbH purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $73,622,000. Bank of New York Mellon Corp increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 37.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust’s stock valued at $59,265,000 after buying an additional 602,456 shares during the last quarter. Wellington Management Group LLP increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock valued at $455,216,000 after buying an additional 491,585 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 68.6% in the third quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust’s stock valued at $31,487,000 after buying an additional 371,593 shares during the last quarter. Finally, Natural Investments LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at $6,351,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.2 %

NYSE HASI opened at $29.50 on Thursday. The stock has a market capitalization of $3.52 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $24.00 and a 52-week high of $36.56. The firm has a 50-day moving average price of $28.16 and a 200 day moving average price of $30.40. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The company had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $25.93 million. Equities research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a yield of 5.70%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 106.33%.

Analyst Ratings Changes

Several equities analysts recently commented on HASI shares. Bank of America started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price on the stock. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, The Goldman Sachs Group decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.71.

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.