Cornerstone Advisors Inc. Has $125,000 Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI)

Cornerstone Advisors Inc. continued to hold its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,455 shares of the real estate investment trust’s stock at the end of the second quarter. Cornerstone Advisors Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $125,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of HASI. ProShare Advisors LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at $103,000. US Bancorp DE increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.0% in the first quarter. US Bancorp DE now owns 5,398 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 400 shares during the period. Creative Planning increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 83.0% in the second quarter. Creative Planning now owns 6,496 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 2,946 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at about $167,000. Finally, Aperio Group LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at about $208,000. 70.60% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE HASI) traded down 1.78% on Tuesday, reaching $23.77. The company had a trading volume of 356,131 shares. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 43.06 and a beta of 0.96. The company’s 50 day moving average is $23.18 and its 200-day moving average is $21.14. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $18.02 and a one year high of $25.21.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Thursday, July 6th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $1.32 annualized dividend and a yield of 5.55%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 244.44%.

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A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating in a research note on Tuesday. FBR & Co reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, June 30th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, July 11th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.11.

In related news, COO Nathaniel Rose sold 6,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $22.39, for a total transaction of $134,340.00. Following the sale, the chief operating officer now owns 303,506 shares in the company, valued at $6,795,499.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Daniel K. Mcmahon sold 5,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $22.22, for a total transaction of $111,100.00. Following the completion of the sale, the executive vice president now owns 268,167 shares in the company, valued at approximately $5,958,670.74. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by company insiders.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Institutional Ownership by Quarter for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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