UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 44.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 497,203 shares of the real estate investment trust's stock after purchasing an additional 154,110 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.42% of Hannon Armstrong Sustainable Infrastructure Capital worth $17,139,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in HASI. Macroview Investment Management LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth approximately $31,000. Covestor Ltd grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust's stock worth $77,000 after acquiring an additional 530 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at about $69,000. Addison Advisors LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust's stock valued at $78,000 after acquiring an additional 580 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $90,000. Hedge funds and other institutional investors own 96.14% of the company's stock.
Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.5 %
Shares of HASI stock traded up $0.16 during trading hours on Friday, hitting $31.11. 678,678 shares of the company's stock traded hands, compared to its average volume of 1,292,990. The stock's fifty day simple moving average is $32.28 and its two-hundred day simple moving average is $32.07. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.26 and a beta of 1.93. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $21.77 and a 12-month high of $36.56. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78.
Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 5.34%. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is currently 93.26%.
Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital
In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the firm's stock in a transaction on Monday, November 11th. The stock was acquired at an average price of $28.71 per share, with a total value of $100,485.00. Following the transaction, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on HASI. Citigroup boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a "buy" rating and a $40.00 target price on the stock. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research note on Friday, September 27th. Jefferies Financial Group started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They set a "buy" rating and a $39.00 price objective on the stock. Finally, Robert W. Baird raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an "outperform" rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.58.
Check Out Our Latest Analysis on HASI
Hannon Armstrong Sustainable Infrastructure Capital Profile
(
Free Report)
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.
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