Janney Montgomery Scott LLC Sells 29,168 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Janney Montgomery Scott LLC lowered its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,765 shares of the real estate investment trust's stock after selling 29,168 shares during the period. Janney Montgomery Scott LLC's holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HASI. Nisa Investment Advisors LLC lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 23.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 36,208 shares of the real estate investment trust's stock worth $986,000 after buying an additional 6,990 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 16,410 shares of the real estate investment trust's stock worth $441,000 after buying an additional 1,154 shares during the last quarter. Strong Tower Advisory Services lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.8% during the 4th quarter. Strong Tower Advisory Services now owns 22,939 shares of the real estate investment trust's stock worth $615,000 after buying an additional 1,255 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 11.3% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 445,000 shares of the real estate investment trust's stock worth $11,931,000 after buying an additional 45,000 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth about $2,451,000. Institutional investors and hedge funds own 96.14% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on HASI shares. Truist Financial started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday. They issued a "buy" rating and a $40.00 price objective for the company. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Monday, November 11th. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased 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 report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. decreased their target price 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.23.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the business'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 transaction, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded down $0.07 during midday trading on Friday, hitting $28.21. 692,697 shares of the company traded hands, compared to its average volume of 1,026,720. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.06 and a beta of 1.95. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The firm's fifty day moving average price is $28.16 and its 200-day moving average price is $31.00. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $23.14 and a 12 month high of $36.56.

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.