Erste Asset Management GmbH Makes New Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Erste Asset Management GmbH acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,150,283 shares of the real estate investment trust's stock, valued at approximately $73,622,000. Hannon Armstrong Sustainable Infrastructure Capital comprises about 0.9% of Erste Asset Management GmbH's portfolio, making the stock its 25th biggest holding. Erste Asset Management GmbH owned approximately 1.81% of Hannon Armstrong Sustainable Infrastructure Capital at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Macroview Investment Management LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at about $31,000. Point72 Hong Kong Ltd bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $69,000. Covestor Ltd raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 530 shares during the period. Addison Advisors LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 580 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth approximately $90,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HASI. Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They set an "outperform" rating and a $41.00 price objective for the company. Citigroup increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price 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. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Monday, November 11th. Finally, Bank of America started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a "buy" rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI traded up $0.09 during trading on Friday, hitting $31.36. The company had a trading volume of 424,138 shares, compared to its average volume of 1,562,729. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.77 and a 52 week high of $36.56. The business's 50-day moving average is $32.61 and its 200 day moving average is $32.10. The company has a market cap of $3.72 billion, a P/E ratio of 17.62, a PEG ratio of 1.27 and a beta of 1.98. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be given a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.29%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 93.26%.

Insider Buying and Selling

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the company's stock in a transaction dated Monday, November 11th. The shares were bought at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares of the company's stock, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

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.