Quaero Capital S.A. Reduces Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Quaero Capital S.A. decreased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 35.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,008 shares of the real estate investment trust’s stock after selling 33,762 shares during the period. Hannon Armstrong Sustainable Infrastructure Capital accounts for 2.1% of Quaero Capital S.A.’s investment portfolio, making the stock its 14th biggest position. Quaero Capital S.A. owned approximately 0.05% of Hannon Armstrong Sustainable Infrastructure Capital worth $1,664,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after purchasing an additional 89,126 shares during the period. Pallas Capital Advisors LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at $2,451,000. Harbor Capital Advisors Inc. grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock valued at $1,932,000 after purchasing an additional 21,446 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after purchasing an additional 27,529 shares during the period. Finally, Creative Planning purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $548,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.3 %

NYSE:HASI opened at $28.00 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $24.00 and a one year high of $36.56. The business’s 50-day simple moving average is $27.87 and its 200 day simple moving average is $30.85. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.53% and a net margin of 59.56%. As a group, sell-side analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.2 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a $0.42 dividend. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 93.26%.

Analysts Set New Price Targets

A number of research firms have issued reports on HASI. JPMorgan Chase & Co. lowered their price target on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Bank of America began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price target for the company. The Goldman Sachs Group lowered their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. 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, Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

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.