SFE Investment Counsel Sells 30,120 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

SFE Investment Counsel reduced its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,104 shares of the real estate investment trust's stock after selling 30,120 shares during the quarter. SFE Investment Counsel owned approximately 0.13% of Hannon Armstrong Sustainable Infrastructure Capital worth $4,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 64.1% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 9,065 shares of the real estate investment trust's stock valued at $243,000 after purchasing an additional 3,542 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 57,300 shares of the real estate investment trust's stock worth $1,537,000 after acquiring an additional 1,000 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.3% in the fourth quarter. State of Alaska Department of Revenue now owns 67,335 shares of the real estate investment trust's stock valued at $1,806,000 after acquiring an additional 880 shares during the last quarter. Abundance Wealth Counselors increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in the fourth quarter. Abundance Wealth Counselors now owns 39,649 shares of the real estate investment trust's stock worth $1,064,000 after purchasing an additional 820 shares during the period. Finally, Everett Harris & Co. CA lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 68.5% during the 4th quarter. Everett Harris & Co. CA now owns 24,600 shares of the real estate investment trust's stock valued at $660,000 after purchasing an additional 10,000 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Citigroup upgraded 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 report on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on shares of 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. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They issued a "buy" rating and a $40.00 price target on the stock. Truist Financial assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a "buy" rating and a $40.00 price objective for the company. Finally, StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.3 %

Shares of HASI stock traded up $0.07 during trading hours on Monday, hitting $28.00. 2,901,118 shares of the company were exchanged, compared to its average volume of 1,026,720. The company has a market capitalization of $3.32 billion, a PE ratio of 15.73, a PEG ratio of 1.06 and a beta of 1.95. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $24.00 and a 52 week high of $36.56. The business has a 50 day moving average of $27.87 and a two-hundred day moving average of $30.82. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its quarterly 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 firm had revenue of $37.74 million during the quarter, compared to the consensus estimate of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 59.56% and a return on equity of 11.53%. Analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.2 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.42 per share. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a dividend yield of 6.00%. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 93.26%.

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.