Swedbank AB Trims Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Swedbank AB lowered its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 11.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,566,965 shares of the real estate investment trust's stock after selling 453,700 shares during the period. Swedbank AB owned 3.06% of Hannon Armstrong Sustainable Infrastructure Capital worth $122,953,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HASI. American International Group Inc. increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.5% in the first quarter. American International Group Inc. now owns 59,319 shares of the real estate investment trust's stock valued at $1,685,000 after purchasing an additional 1,452 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 130,653 shares of the real estate investment trust's stock worth $3,711,000 after purchasing an additional 2,181 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at $254,000. Price T Rowe Associates Inc. MD raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 120,091 shares of the real estate investment trust's stock worth $3,412,000 after buying an additional 1,815 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 66.6% during the first quarter. Janus Henderson Group PLC now owns 84,773 shares of the real estate investment trust's stock worth $2,407,000 after acquiring an additional 33,904 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the business's stock in a transaction on Monday, November 11th. The shares were acquired at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the transaction, the chief financial officer now owns 56,791 shares in the company, 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 is accessible through this link. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a report on Friday, September 27th. Royal Bank of Canada began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an "outperform" rating and a $41.00 price target on the stock. Robert W. Baird boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, September 27th. Citigroup increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 4.9 %

NYSE HASI traded up $1.42 during trading hours on Monday, hitting $30.43. 1,458,691 shares of the company's stock were exchanged, compared to its average volume of 1,074,853. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.77 and a 1-year high of $36.56. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The stock has a 50-day simple moving average of $33.01 and a 200 day simple moving average of $32.15. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.09 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 93.26%.

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.