Swedbank AB Reduces Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Swedbank AB decreased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 11.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,566,965 shares of the real estate investment trust's stock after selling 453,700 shares during the period. Swedbank AB owned approximately 3.13% of Hannon Armstrong Sustainable Infrastructure Capital worth $122,953,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust's stock worth $348,009,000 after purchasing an additional 713,519 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $18,759,000. Bank of New York Mellon Corp lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the second quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust's stock worth $51,161,000 after purchasing an additional 267,304 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 38.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 837,163 shares of the real estate investment trust's stock worth $23,775,000 after purchasing an additional 232,351 shares during the period. Finally, Hood River Capital Management LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 26.7% during the second quarter. Hood River Capital Management LLC now owns 988,135 shares of the real estate investment trust's stock worth $29,249,000 after purchasing an additional 208,303 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI stock traded up $0.21 during trading hours on Wednesday, hitting $35.21. 139,825 shares of the company's stock were exchanged, compared to its average volume of 1,034,642. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 1.77. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $36.15. The firm has a market cap of $4.02 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.29 and a beta of 1.98. The firm has a 50 day moving average of $33.13 and a two-hundred day moving average of $31.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $94.52 million during the quarter, compared to analysts' expectations of $30.97 million. During the same period in the previous year, the business earned $0.53 earnings per share. Sell-side analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is currently 80.58%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. 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 price target for the company. B. Riley raised Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a report on Tuesday, June 25th. The Goldman Sachs Group boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Finally, Morgan Stanley boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $39.25.

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.