Kestra Investment Management LLC Invests $789,000 in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Kestra Investment Management LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,888 shares of the real estate investment trust’s stock, valued at approximately $789,000.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after buying an additional 257,233 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth about $73,622,000. Bank of New York Mellon Corp raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock valued at $51,161,000 after purchasing an additional 267,304 shares during the period. Vontobel Holding Ltd. lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,343,068 shares of the real estate investment trust’s stock valued at $46,296,000 after purchasing an additional 11,632 shares during the last quarter. Finally, FMR LLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 12.2% during the third quarter. FMR LLC now owns 1,153,215 shares of the real estate investment trust’s stock worth $39,751,000 after buying an additional 125,387 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on HASI. Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. The Goldman Sachs Group increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, August 5th. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI stock opened at $31.36 on Monday. The company’s 50-day moving average price is $32.61 and its two-hundred day moving average price is $32.10. The firm has a market cap of $3.72 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.27 and a beta of 1.98. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.77 and a 12 month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 93.26%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the stock in a transaction on Monday, November 11th. The stock was purchased at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the purchase, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

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.