Toroso Investments LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,918 shares of the real estate investment trust’s stock, valued at approximately $825,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of HASI. iA Global Asset Management Inc. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at about $182,000. The Manufacturers Life Insurance Company raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 29.0% in the third quarter. The Manufacturers Life Insurance Company now owns 53,543 shares of the real estate investment trust’s stock worth $1,135,000 after buying an additional 12,048 shares in the last quarter. Dana Investment Advisors Inc. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 7.6% during the third quarter. Dana Investment Advisors Inc. now owns 334,703 shares of the real estate investment trust’s stock worth $7,096,000 after buying an additional 23,698 shares during the period. Royal Bank of Canada raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 345.4% in the 3rd quarter. Royal Bank of Canada now owns 457,147 shares of the real estate investment trust’s stock worth $9,691,000 after acquiring an additional 354,506 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 11.1% during the 3rd quarter. Sei Investments Co. now owns 374,180 shares of the real estate investment trust’s stock worth $7,933,000 after purchasing an additional 37,308 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.
Analyst Ratings Changes
Several research firms have issued reports on HASI. B. Riley lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Morgan Stanley boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. StockNews.com upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Finally, Mizuho raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average target price of $31.44.
Read Our Latest Stock Analysis on Hannon Armstrong Sustainable Infrastructure Capital
Hannon Armstrong Sustainable Infrastructure Capital Stock Performance
Shares of NYSE HASI opened at $26.10 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $13.22 and a 1 year high of $29.88. The company has a debt-to-equity ratio of 1.98, a quick ratio of 19.42 and a current ratio of 19.42. The company’s fifty day moving average price is $24.69 and its 200 day moving average price is $23.21. The company has a market capitalization of $2.93 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.15 and a beta of 1.87.
Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be given a dividend of $0.415 per share. The ex-dividend date is Thursday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.36%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 117.91%.
About Hannon Armstrong Sustainable Infrastructure Capital
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.
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