JPMorgan Chase & Co. Purchases 89,126 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

JPMorgan Chase & Co. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 42.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300,587 shares of the real estate investment trust's stock after purchasing an additional 89,126 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.25% of Hannon Armstrong Sustainable Infrastructure Capital worth $10,361,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HASI. Point72 Asia Singapore Pte. Ltd. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at about $60,000. Point72 Hong Kong Ltd purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $69,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth approximately $73,000. Covestor Ltd grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust's stock worth $77,000 after buying an additional 530 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 31.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,495 shares of the real estate investment trust's stock valued at $104,000 after buying an additional 837 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group cut 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 research note on Tuesday, December 17th. Robert W. Baird raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, September 27th. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a research note on Wednesday, January 8th. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research note on Friday, September 27th. Finally, Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a "buy" rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.6 %

Shares of HASI stock opened at $26.53 on Monday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.77 and a 12 month high of $36.56. The company has a 50 day simple moving average of $29.04 and a two-hundred day simple moving average of $31.38. The stock has a market cap of $3.14 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.21 and a beta of 1.94. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is currently 93.26%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn acquired 3,500 shares of the company's stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $28.71 per share, with a total value of $100,485.00. Following the completion of the purchase, the chief financial officer now directly owns 56,791 shares of the company's stock, valued at $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company's stock.

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.