Geode Capital Management LLC Purchases 53,799 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Geode Capital Management LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,636,884 shares of the real estate investment trust's stock after buying an additional 53,799 shares during the period. Geode Capital Management LLC owned 2.22% of Hannon Armstrong Sustainable Infrastructure Capital worth $90,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HASI. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at about $60,000. Covestor Ltd boosted its stake in 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 valued at $77,000 after purchasing an additional 530 shares during the period. Point72 Hong Kong Ltd bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $69,000. Addison Advisors LLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% in the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 580 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth approximately $90,000. Institutional investors and hedge funds own 96.14% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 4.5 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded up $1.20 during trading on Friday, hitting $27.59. 3,407,233 shares of the company were exchanged, compared to its average volume of 1,094,161. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. The firm has a market capitalization of $3.27 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.24 and a beta of 1.93. The firm's fifty day moving average price is $31.24 and its 200 day moving average price is $31.80. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.77 and a 1-year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 6.02%. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is 93.26%.

Insiders Place Their Bets

In related news, CFO Marc T. Pangburn acquired 3,500 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HASI. The Goldman Sachs Group decreased 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 report on Tuesday. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Monday, November 11th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a "buy" rating and a $40.00 target price 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 stock a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a "buy" rating and a $39.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned 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 has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.

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.