KLP Kapitalforvaltning AS Makes New $620,000 Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

KLP Kapitalforvaltning AS acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,800 shares of the real estate investment trust's stock, valued at approximately $620,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth approximately $27,000. Blue Trust Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 394 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 439 shares during the period. Roxbury Financial LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $39,000. Finally, Allworth Financial LP increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 1,584 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

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Analysts Set New Price Targets

HASI has been the subject of several analyst reports. Wells Fargo & Company began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price objective for the company. The Goldman Sachs Group cut their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Truist Financial initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a "buy" rating and a $40.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Finally, Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded down $1.39 during trading on Monday, reaching $25.67. The company's stock had a trading volume of 2,049,984 shares, compared to its average volume of 1,109,665. The business has a 50 day moving average price of $28.58 and a 200-day moving average price of $29.93. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $24.00 and a 12-month high of $36.56. The company has a market capitalization of $3.11 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.06 and a beta of 1.83. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its 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). The company had revenue of $37.74 million for the quarter, compared to analysts' expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. As a group, sell-side analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be issued a $0.42 dividend. The ex-dividend date is Friday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a yield of 6.54%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 106.33%.

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.