DnB Asset Management AS Boosts Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

DnB Asset Management AS lifted its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 73.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,575 shares of the real estate investment trust's stock after buying an additional 35,464 shares during the quarter. DnB Asset Management AS owned approximately 0.07% of Hannon Armstrong Sustainable Infrastructure Capital worth $2,242,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HASI. Legend Financial Advisors Inc. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth $27,000. Blue Trust Inc. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 394 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings 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 period. Roxbury Financial LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $39,000. Finally, Allworth Financial LP boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% in the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 1,584 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HASI shares. Wells Fargo & Company assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an "overweight" rating and a $33.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective for the company in a research report on Wednesday, January 8th. Truist Financial started coverage on 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. Finally, The Goldman Sachs Group decreased their price target 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI traded down $2.00 during mid-day trading on Friday, reaching $27.05. 1,833,352 shares of the company's stock were exchanged, compared to its average volume of 1,105,904. The business's fifty day simple moving average is $28.62 and its 200-day simple moving average is $30.00. The stock has a market capitalization of $3.23 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $24.00 and a 52-week high of $36.56. 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 (NYSE:HASI - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $25.93 million. 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 business also recently disclosed 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. The ex-dividend date is Friday, April 4th. 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 yield of 6.21%. 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.