Connor Clark & Lunn Investment Management Ltd. Purchases 221,735 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 324.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 290,106 shares of the real estate investment trust's stock after acquiring an additional 221,735 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.24% of Hannon Armstrong Sustainable Infrastructure Capital worth $7,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in HASI. Crossmark Global Holdings Inc. lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 15.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 15,256 shares of the real estate investment trust's stock worth $526,000 after acquiring an additional 2,092 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,603 shares of the real estate investment trust's stock worth $2,055,000 after purchasing an additional 1,610 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 25,042 shares of the real estate investment trust's stock worth $863,000 after purchasing an additional 1,574 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.9% in the 3rd quarter. Natixis Advisors LLC now owns 32,588 shares of the real estate investment trust's stock worth $1,123,000 after purchasing an additional 597 shares in the last quarter. Finally, SMH Capital Advisors Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth approximately $484,000. 96.14% of the stock is owned by institutional investors and hedge funds.

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Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.2 %

HASI stock traded up $0.05 during trading hours on Wednesday, hitting $29.50. The company's stock had a trading volume of 1,975,674 shares, compared to its average volume of 1,137,567. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $3.52 billion, a PE ratio of 18.67, 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 stock has a 50 day moving average price of $28.16 and a two-hundred day moving average price of $30.40.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). The business had revenue of $37.74 million during the quarter, compared to the consensus estimate 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, equities research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a dividend of $0.42 per share. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is currently 106.33%.

Analyst Ratings Changes

A number of research firms recently commented on HASI. Bank of America began 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 target price on the stock. 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 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Citigroup upgraded shares of 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 report on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their price target on shares of 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 analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.