Dynamic Technology Lab Private Ltd Makes New Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Dynamic Technology Lab Private Ltd bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,798 shares of the real estate investment trust's stock, valued at approximately $855,000.

A number of other hedge funds have also bought and sold shares of the company. Swedbank AB raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust's stock worth $119,012,000 after buying an additional 257,233 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the second quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust's stock worth $51,161,000 after buying an additional 267,304 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% in the third quarter. Vontobel Holding Ltd. now owns 1,343,068 shares of the real estate investment trust's stock valued at $46,296,000 after purchasing an additional 11,632 shares in the last quarter. Hood River Capital Management LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 26.7% in the second quarter. Hood River Capital Management LLC now owns 988,135 shares of the real estate investment trust's stock valued at $29,249,000 after purchasing an additional 208,303 shares in the last quarter. Finally, Encompass Capital Advisors LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at $18,759,000. Institutional investors own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HASI shares. Royal Bank of Canada started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an "outperform" rating and a $41.00 price target for the company. Jefferies Financial Group started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a "buy" rating and a $39.00 price target for the company. Citigroup lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Finally, Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday. They set a "buy" rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.58.

Insider Activity

In related news, CFO Marc T. Pangburn bought 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction dated Monday, November 11th. The stock was purchased at an average cost of $28.71 per share, with a total value of $100,485.00. Following the transaction, the chief financial officer now directly owns 56,791 shares of the company's stock, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 3.1 %

HASI stock traded up $0.94 during trading on Thursday, reaching $31.27. The stock had a trading volume of 654,871 shares, compared to its average volume of 1,072,899. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $21.77 and a one year high of $36.56. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The company's 50 day moving average is $32.75 and its two-hundred day moving average is $32.11. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.14 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is 93.26%.

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.