New Age Alpha Advisors LLC Acquires New Shares in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

New Age Alpha Advisors LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 164,158 shares of the real estate investment trust's stock, valued at approximately $4,404,000. New Age Alpha Advisors LLC owned 0.14% of Hannon Armstrong Sustainable Infrastructure Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in HASI. Vanguard Group Inc. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust's stock valued at $355,369,000 after buying an additional 156,695 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust's stock worth $455,216,000 after buying an additional 491,585 shares in the last quarter. State Street Corp grew 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 worth $152,575,000 after buying an additional 42,762 shares during the period. Geode Capital Management LLC increased its stake 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock valued at $59,265,000 after acquiring an additional 602,456 shares during the period. Institutional investors own 96.14% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI traded up $0.16 on Wednesday, reaching $29.22. 152,484 shares of the company's stock traded hands, compared to its average volume of 1,094,513. The stock's 50 day simple moving average is $28.51 and its two-hundred day simple moving average is $30.18. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $24.00 and a 52-week high of $36.56. The stock has a market cap of $3.48 billion, a PE ratio of 18.49, a PEG ratio of 1.06 and a beta of 2.04.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.02). The business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. On average, analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a dividend of $0.42 per share. This is an increase 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 dividend yield of 5.75%. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is currently 106.33%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HASI shares. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price target for the company in a research note on Wednesday, January 8th. Wells Fargo & Company initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 target price for the company. Truist Financial initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a "buy" rating and a $40.00 price target on the stock. The Goldman Sachs Group decreased 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, December 17th. Finally, JPMorgan Chase & Co. cut their target price on 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 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 assigned a strong buy rating to the company. According to 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.