State of New Jersey Common Pension Fund D Buys 16,043 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

State of New Jersey Common Pension Fund D lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,646 shares of the real estate investment trust's stock after purchasing an additional 16,043 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Hannon Armstrong Sustainable Infrastructure Capital worth $2,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HASI. JPMorgan Chase & Co. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.1% during the third quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust's stock worth $10,361,000 after purchasing an additional 89,126 shares during the period. Pallas Capital Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $2,451,000. Harbor Capital Advisors Inc. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust's stock valued at $1,932,000 after purchasing an additional 21,446 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust's stock valued at $6,822,000 after buying an additional 27,529 shares during the period. Finally, Creative Planning bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth about $548,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HASI has been the topic of a number of research analyst reports. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Monday, November 11th. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a "buy" rating and a $40.00 price objective for the company. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a report on Wednesday, January 8th. Bank of America started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a "buy" rating and a $40.00 target price on the stock. Finally, Wells Fargo & Company initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday. They issued an "overweight" rating and a $33.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE:HASI traded down $0.30 during midday trading on Thursday, reaching $28.50. The stock had a trading volume of 768,252 shares, compared to its average volume of 1,116,191. The firm has a fifty day simple moving average of $27.74 and a two-hundred day simple moving average of $30.70. The stock has a market cap of $3.40 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.06 and a beta of 1.95. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $24.00 and a 12-month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million for the quarter, compared to analysts' expectations of $25.93 million. On average, equities 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 firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.89%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 106.33%.

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.