Raymond James Financial Inc. Makes New $4.62 Million Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Raymond James Financial Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 172,316 shares of the real estate investment trust's stock, valued at approximately $4,623,000. Raymond James Financial Inc. owned about 0.15% of Hannon Armstrong Sustainable Infrastructure Capital as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust's stock valued at $455,216,000 after acquiring an additional 491,585 shares during the last quarter. State Street Corp raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.0% during the third quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust's stock valued at $152,575,000 after purchasing an additional 42,762 shares during the period. Geode Capital Management LLC lifted 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 purchasing an additional 53,799 shares during the last quarter. Bank of New York Mellon Corp increased 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 purchasing an additional 602,456 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $73,622,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

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

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.2 %

Shares of NYSE:HASI traded up $0.07 during trading hours on Friday, hitting $29.42. The company's stock had a trading volume of 787,409 shares, compared to its average volume of 1,097,375. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. The firm's fifty day moving average price is $28.48 and its 200 day moving average price is $30.24. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $24.00 and a 52 week high of $36.56. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.06 and a beta of 2.04.

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

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently declared 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. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is currently 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.