IQ EQ FUND MANAGEMENT IRELAND Ltd Lowers Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 57.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,286 shares of the real estate investment trust’s stock after selling 40,777 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $813,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Erste Asset Management GmbH purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at about $73,622,000. Bank of New York Mellon Corp grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust’s stock worth $59,265,000 after buying an additional 602,456 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after acquiring an additional 491,585 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 68.6% during 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 acquiring an additional 371,593 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 81.2% in the fourth quarter. JPMorgan Chase & Co. now owns 544,699 shares of the real estate investment trust’s stock valued at $14,614,000 after acquiring an additional 244,112 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HASI shares. The Goldman Sachs Group reduced their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Truist Financial began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 price target for the company. Wells Fargo & Company initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an “overweight” rating and a $33.00 price target on the stock. Citigroup raised 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 report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE:HASI opened at $29.36 on Friday. The firm’s fifty day moving average is $28.45 and its two-hundred day moving average is $30.28. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.06 and a beta of 2.04. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $24.00 and a one year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The company had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. 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 company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 5.72%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 106.33%.

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.