SMH Capital Advisors Inc. Acquires Shares of 14,043 Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

SMH Capital Advisors Inc. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,043 shares of the real estate investment trust’s stock, valued at approximately $484,000. Hannon Armstrong Sustainable Infrastructure Capital accounts for about 1.5% of SMH Capital Advisors Inc.’s holdings, making the stock its 14th biggest position.

Several other hedge funds also recently made changes to their positions in HASI. Swedbank AB bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter valued at approximately $106,881,000. Encompass Capital Advisors LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $18,759,000. Bank of New York Mellon Corp raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the second 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 acquiring an additional 267,304 shares in the last quarter. Hood River Capital Management LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 26.7% in the second quarter. Hood River Capital Management LLC now owns 988,135 shares of the real estate investment trust’s stock worth $29,249,000 after acquiring an additional 208,303 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3,347.0% in the third quarter. International Assets Investment Management LLC now owns 127,367 shares of the real estate investment trust’s stock valued at $43,900,000 after acquiring an additional 123,672 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HASI has been the subject of several research reports. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Royal Bank of Canada started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price on the stock. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Mizuho lifted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Morgan Stanley increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.83.

Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital

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

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $27.76 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.77 and a 52 week high of $36.56. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The company has a 50 day moving average price of $33.36 and a 200-day moving average price of $32.13. The firm has a market capitalization of $3.30 billion, a PE ratio of 15.60, a P/E/G ratio of 1.02 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.415 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.66 annualized dividend and a dividend yield of 5.98%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

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.