Wellington Management Group LLP Increases Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Wellington Management Group LLP raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,206,158 shares of the real estate investment trust’s stock after acquiring an additional 491,585 shares during the period. Wellington Management Group LLP owned about 0.11% of Hannon Armstrong Sustainable Infrastructure Capital worth $455,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% during the third quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock valued at $152,575,000 after buying an additional 42,762 shares during the period. Swedbank AB grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after acquiring an additional 257,233 shares during the last quarter. Erste Asset Management GmbH bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at about $73,622,000. Bank of New York Mellon Corp increased 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 worth $51,161,000 after purchasing an additional 267,304 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.9% during the third 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. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.5 %

Shares of NYSE:HASI opened at $31.11 on Friday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.77 and a 1-year high of $36.56. The company’s fifty day moving average is $32.28 and its two-hundred day moving average is $32.07. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.93.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a dividend of $0.415 per share. The ex-dividend date is Monday, December 30th. This represents a $1.66 annualized dividend and a yield of 5.34%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $28.71 per share, with a total value of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

HASI has been the subject of a number of analyst reports. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price for the company. Robert W. Baird lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.58.

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.