Charles Schwab Investment Management Inc. Increases Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Charles Schwab Investment Management Inc. raised its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,104,764 shares of the real estate investment trust's stock after acquiring an additional 11,250 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.93% of Hannon Armstrong Sustainable Infrastructure Capital worth $29,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 25,042 shares of the real estate investment trust's stock valued at $863,000 after buying an additional 1,574 shares in the last quarter. Natixis Advisors LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 32,588 shares of the real estate investment trust's stock worth $1,123,000 after acquiring an additional 597 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 0.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,371 shares of the real estate investment trust's stock valued at $2,357,000 after purchasing an additional 571 shares during the last quarter. SMH Capital Advisors Inc. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at about $484,000. Finally, Intech Investment Management LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth about $950,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI traded down $0.39 during midday trading on Friday, hitting $29.30. The company's stock had a trading volume of 1,203,504 shares, compared to its average volume of 1,073,465. The company has a market cap of $3.49 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $24.00 and a 12-month high of $36.56. The business's 50 day simple moving average is $28.25 and its 200 day simple moving average is $30.39. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.02). The company had revenue of $37.74 million for the quarter, compared to analysts' expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. On average, analysts forecast 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 announced 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 is a boost from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. This represents a $1.68 annualized dividend and a yield of 5.73%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 106.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HASI. Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a "buy" rating and a $40.00 price target on the stock. Wells Fargo & Company began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an "overweight" rating and a $33.00 target price for the company. Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a "buy" rating and a $40.00 price target on the stock. JPMorgan Chase & Co. decreased 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 report on Thursday, January 23rd. Finally, The Goldman Sachs Group dropped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $39.71.

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.