Tidal Investments LLC Sells 55,912 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Tidal Investments LLC decreased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 67.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,244 shares of the real estate investment trust's stock after selling 55,912 shares during the period. Tidal Investments LLC's holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $939,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $60,000. Point72 Hong Kong Ltd bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth about $69,000. Wilmington Savings Fund Society FSB acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $73,000. Covestor Ltd lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 530 shares in the last quarter. Finally, Addison Advisors LLC raised its position 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 worth $78,000 after purchasing an additional 580 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 4.5 %

Hannon Armstrong Sustainable Infrastructure Capital stock traded up $1.20 during midday trading on Friday, reaching $27.59. The stock had a trading volume of 3,407,233 shares, compared to its average volume of 1,094,161. The stock 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 simple moving average is $31.37 and its 200-day simple moving average is $31.84. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. 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. Investors of record on Monday, December 30th will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 93.26%.

Wall Street Analysts Forecast Growth

HASI has been the topic of several recent research reports. Citigroup raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Royal Bank of Canada initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an "outperform" rating and a $41.00 target price for the company. Robert W. Baird raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an "outperform" rating in a research report on Friday, September 27th. The Goldman Sachs Group dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.50.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn bought 3,500 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares of the company's stock, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Company 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.