Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 574,402 shares of the real estate investment trust's stock after purchasing an additional 25,682 shares during the period. Principal Financial Group Inc. owned 0.48% of Hannon Armstrong Sustainable Infrastructure Capital worth $15,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust's stock worth $455,216,000 after purchasing an additional 491,585 shares in the last quarter. State Street Corp boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust's stock worth $152,575,000 after purchasing an additional 42,762 shares in the last quarter. Geode Capital Management LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust's stock worth $90,912,000 after purchasing an additional 53,799 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth approximately $73,622,000. Finally, Vontobel Holding Ltd. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 6.2% in the 4th quarter. Vontobel Holding Ltd. now owns 1,426,174 shares of the real estate investment trust's stock worth $38,264,000 after purchasing an additional 83,106 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday. They set an "overweight" rating and a $33.00 price target for the company. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Monday, November 11th. The Goldman Sachs Group reduced their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Finally, Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a "buy" rating and a $40.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of "Moderate Buy" and an average price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI traded up $0.26 on Friday, hitting $28.73. The company had a trading volume of 1,227,420 shares, compared to its average volume of 1,119,042. The company has a market capitalization of $3.43 billion, a PE ratio of 18.18, a PEG ratio of 1.06 and a beta of 1.95. The company's fifty day moving average price is $27.80 and its 200-day moving average price is $30.67. 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, Inc. has a 12-month low of $24.00 and a 12-month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its quarterly 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 company had revenue of $37.74 million during the quarter, compared to analysts' expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 5.85%. The ex-dividend date is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is presently 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.