Proficio Capital Partners LLC Invests $482,000 in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Proficio Capital Partners LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,949 shares of the real estate investment trust's stock, valued at approximately $482,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Atria Investments Inc increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 5.9% in the 4th quarter. Atria Investments Inc now owns 10,376 shares of the real estate investment trust's stock valued at $278,000 after acquiring an additional 581 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 453.3% in the fourth quarter. Victory Capital Management Inc. now owns 138,547 shares of the real estate investment trust's stock valued at $3,717,000 after purchasing an additional 113,505 shares in the last quarter. Nicola Wealth Management LTD. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 5.3% in the 4th quarter. Nicola Wealth Management LTD. now owns 100,000 shares of the real estate investment trust's stock worth $2,683,000 after purchasing an additional 5,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,104,764 shares of the real estate investment trust's stock worth $29,641,000 after buying an additional 11,250 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 216.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,245 shares of the real estate investment trust's stock valued at $194,000 after buying an additional 4,953 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

HASI has been the topic of several research reports. The Goldman Sachs Group cut their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price target on shares of 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 assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price objective on the stock. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a "buy" rating and a $40.00 target price for the company. Finally, Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.2 %

HASI traded up $0.07 during trading on Friday, reaching $29.42. The company had a trading volume of 787,409 shares, compared to its average volume of 1,099,577. The business's fifty day moving average price is $28.48 and its 200 day moving average price is $30.26. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $24.00 and a 12 month high of $36.56. The company has a market cap of $3.51 billion, a P/E ratio of 18.62, a PEG ratio of 1.06 and a beta of 2.04.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. Equities analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.71%. This is an increase 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 is currently 106.33%.

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.