AGF Management Ltd. Cuts Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

AGF Management Ltd. lessened its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 37.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,923 shares of the real estate investment trust's stock after selling 227,613 shares during the quarter. AGF Management Ltd. owned 0.33% of Hannon Armstrong Sustainable Infrastructure Capital worth $11,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Macroview Investment Management LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $31,000. Scarborough Advisors LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at $40,000. Plato Investment Management Ltd bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the first quarter valued at $49,000. Addison Advisors LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% in the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 580 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 50.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,998 shares of the real estate investment trust's stock valued at $83,000 after buying an additional 1,003 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded up $1.12 during trading on Thursday, hitting $34.65. The stock had a trading volume of 2,085,042 shares, compared to its average volume of 1,046,515. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $13.22 and a 12 month high of $34.71. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.16 and a beta of 1.98. The business's 50-day moving average is $31.65 and its 200 day moving average is $29.54.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The business had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. During the same period in the prior year, the company earned $0.53 EPS. As a group, sell-side analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.31 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is currently 80.58%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HASI shares. The Goldman Sachs Group lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, August 5th. Morgan Stanley lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research note on Tuesday, June 25th. Mizuho lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Finally, Oppenheimer reissued an "outperform" rating and set a $48.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, May 16th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.67.

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.