Van ECK Associates Corp Reduces Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Van ECK Associates Corp decreased its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 30.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,185,365 shares of the real estate investment trust’s stock after selling 530,929 shares during the quarter. Van ECK Associates Corp owned about 1.00% of Hannon Armstrong Sustainable Infrastructure Capital worth $31,803,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 64.1% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 9,065 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 3,542 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 57,300 shares of the real estate investment trust’s stock valued at $1,537,000 after acquiring an additional 1,000 shares during the period. State of Alaska Department of Revenue boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.3% during the 4th quarter. State of Alaska Department of Revenue now owns 67,335 shares of the real estate investment trust’s stock valued at $1,806,000 after acquiring an additional 880 shares during the period. Abundance Wealth Counselors boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% during the 4th quarter. Abundance Wealth Counselors now owns 39,649 shares of the real estate investment trust’s stock valued at $1,064,000 after acquiring an additional 820 shares during the period. Finally, Everett Harris & Co. CA boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 68.5% during the 4th quarter. Everett Harris & Co. CA now owns 24,600 shares of the real estate investment trust’s stock valued at $660,000 after acquiring an additional 10,000 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.3 %

Shares of NYSE:HASI opened at $28.00 on Friday. The business’s 50-day moving average is $27.87 and its 200 day moving average is $30.85. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $24.00 and a 1 year high of $36.56. The firm has a market capitalization of $3.32 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.06 and a beta of 1.95. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 59.56% and a return on equity of 11.53%. On average, research 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 declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 105.06%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HASI shares. Truist Financial began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 price objective for the company. 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 target price for the company. The Goldman Sachs Group decreased their target price 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. Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their target price 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average target price of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital 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.