Kestra Investment Management LLC Takes Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Kestra Investment Management LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,888 shares of the real estate investment trust's stock, valued at approximately $789,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 120,091 shares of the real estate investment trust's stock valued at $3,412,000 after acquiring an additional 1,815 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 66.6% in the first quarter. Janus Henderson Group PLC now owns 84,773 shares of the real estate investment trust's stock valued at $2,407,000 after acquiring an additional 33,904 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 158,432 shares of the real estate investment trust's stock valued at $4,381,000 after acquiring an additional 7,718 shares in the last quarter. CWM LLC lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 19.8% in the second quarter. CWM LLC now owns 4,533 shares of the real estate investment trust's stock valued at $134,000 after acquiring an additional 750 shares in the last quarter. Finally, First Affirmative Financial Network lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.3% in the second quarter. First Affirmative Financial Network now owns 7,745 shares of the real estate investment trust's stock valued at $229,000 after acquiring an additional 391 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, September 27th. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Monday, November 11th. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a report on Friday, September 27th. Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an "outperform" rating and a $41.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a "buy" rating and a $39.00 target price on the stock. One equities 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.58.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the business's stock in a transaction dated Monday, November 11th. The shares were purchased at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the purchase, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This represents a 6.57 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.8 %

NYSE HASI traded down $0.25 during trading hours on Monday, hitting $31.11. 427,403 shares of the company were exchanged, compared to its average volume of 1,067,270. The stock has a 50-day moving average price of $32.61 and a 200 day moving average price of $32.10. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.77 and a 52 week high of $36.56. The stock has a market cap of $3.69 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.27 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.415 per share. The ex-dividend date is Monday, December 30th. This represents a $1.66 annualized dividend and a yield of 5.34%. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is currently 93.26%.

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.