Triodos Investment Management BV Reduces Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Triodos Investment Management BV cut its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 550,000 shares of the real estate investment trust's stock after selling 70,000 shares during the period. Triodos Investment Management BV owned about 0.46% of Hannon Armstrong Sustainable Infrastructure Capital worth $14,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HASI. Erste Asset Management GmbH bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth approximately $73,622,000. Norges Bank bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $30,557,000. Bank of New York Mellon Corp lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 37.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock worth $59,265,000 after buying an additional 602,456 shares during the period. Wellington Management Group LLP increased 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 period. Finally, Rockefeller Capital Management L.P. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 68.6% during the third quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust's stock valued at $31,487,000 after purchasing an additional 371,593 shares in the last quarter. 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 down $0.21 during mid-day trading on Tuesday, hitting $29.03. 248,056 shares of the stock were exchanged, compared to its average volume of 1,092,933. The company has a market cap of $3.46 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. 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 quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The firm has a fifty day moving average of $28.51 and a 200 day moving average of $30.18.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last posted its quarterly earnings data 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). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The business had revenue of $37.74 million during the quarter, compared to analysts' expectations of $25.93 million. Research analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.42 per share. 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 5.79%. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is 106.33%.

Wall Street Analysts Forecast Growth

HASI has been the subject of a number of recent analyst reports. Truist Financial started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They issued a "buy" rating and a $40.00 price objective for the company. The Goldman Sachs Group cut their price objective 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. Wells Fargo & Company started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They set an "overweight" rating and a $33.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.71.

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.