10,809 Shares in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Purchased by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,809 shares of the real estate investment trust's stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the 4th quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust's stock valued at $926,000 after buying an additional 377 shares in the last quarter. Blue Trust Inc. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 394 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust's stock worth $482,000 after purchasing an additional 432 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 439 shares during the last quarter. Finally, Truist Financial Corp increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% in the fourth quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust's stock worth $249,000 after acquiring an additional 449 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

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Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI traded up $0.07 during mid-day trading on Friday, hitting $29.42. 787,409 shares of the company traded hands, compared to its average volume of 1,099,577. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.06 and a beta of 2.04. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The business has a 50-day moving average of $28.48 and a 200 day moving average of $30.26. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $24.00 and a one year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its quarterly 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 return on equity of 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million during the quarter, compared to the consensus estimate of $25.93 million. As a group, equities analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 5.71%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 106.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Truist Financial started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They issued a "buy" rating and a $40.00 target price on the stock. The Goldman Sachs Group lowered 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 report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price objective 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. Wells Fargo & Company began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price objective for the company. Finally, Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $39.71.

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.