Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,155,411 shares of the real estate investment trust's stock after acquiring an additional 949,253 shares during the quarter. Wellington Management Group LLP owned 11.87% of Hannon Armstrong Sustainable Infrastructure Capital worth $379,790,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 10.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 170,685 shares of the real estate investment trust's stock worth $4,714,000 after purchasing an additional 16,587 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.4% in the fourth quarter. California Public Employees Retirement System now owns 215,399 shares of the real estate investment trust's stock worth $5,779,000 after buying an additional 5,123 shares during the last quarter. Schroder Investment Management Group raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 174.5% in the fourth quarter. Schroder Investment Management Group now owns 721,183 shares of the real estate investment trust's stock valued at $19,263,000 after acquiring an additional 458,435 shares in the last quarter. DnB Asset Management AS boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 73.7% during the 4th quarter. DnB Asset Management AS now owns 83,575 shares of the real estate investment trust's stock valued at $2,242,000 after acquiring an additional 35,464 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 10.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 15,582 shares of the real estate investment trust's stock worth $418,000 after acquiring an additional 1,418 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

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Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI stock traded down $2.00 on Friday, reaching $27.05. The company's stock had a trading volume of 1,833,352 shares, compared to its average volume of 1,105,904. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $24.00 and a 52 week high of $36.56. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. The company has a market capitalization of $3.23 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. The firm has a fifty day moving average of $28.62 and a two-hundred day moving average of $30.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). The business had revenue of $37.74 million during the quarter, compared to the consensus estimate 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 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, April 4th. This represents a $1.68 annualized dividend and a yield of 6.21%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 106.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HASI shares. The Goldman Sachs Group cut their target price on shares of 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. Truist Financial initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price objective for the company. Finally, Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.71.

About Hannon Armstrong Sustainable Infrastructure Capital

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.