Intech Investment Management LLC Increases Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Intech Investment Management LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 52.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 41,883 shares of the real estate investment trust's stock after acquiring an additional 14,332 shares during the quarter. Intech Investment Management LLC's holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HASI. Wellington Management Group LLP lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust's stock valued at $455,216,000 after purchasing an additional 491,585 shares during the last quarter. State Street Corp raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% during the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust's stock valued at $152,575,000 after buying an additional 42,762 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $90,912,000 after acquiring an additional 53,799 shares during the last quarter. Bank of New York Mellon Corp grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 37.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock worth $59,265,000 after acquiring an additional 602,456 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $73,622,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

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Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.5 %

NYSE HASI traded down $0.45 during midday trading on Wednesday, hitting $29.30. 464,044 shares of the company traded hands, compared to its average volume of 1,070,713. 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 cap of $3.49 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $24.00 and a 52 week high of $36.56. The company's 50-day simple moving average is $28.39 and its 200-day simple moving average is $30.29.

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 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The firm had revenue of $37.74 million for the quarter, compared to analysts' expectations of $25.93 million. As a group, equities research analysts forecast 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 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 $0.42 dividend. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a yield of 5.73%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 106.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HASI. Wells Fargo & Company initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 target price for the company. The Goldman Sachs Group dropped their price objective 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 note on Tuesday, December 17th. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a research report on Wednesday, January 8th. Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a "buy" rating and a $40.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.71.

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.