Victory Capital Management Inc. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 453.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,547 shares of the real estate investment trust's stock after buying an additional 113,505 shares during the quarter. Victory Capital Management Inc. owned approximately 0.12% of Hannon Armstrong Sustainable Infrastructure Capital worth $3,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Amalgamated Bank raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% in the fourth quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust's stock valued at $926,000 after purchasing an additional 377 shares during the period. Blue Trust Inc. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 394 shares during the period. Mutual of America Capital Management LLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust's stock valued at $482,000 after buying an additional 432 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock worth $37,000 after buying an additional 439 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% in the fourth quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust's stock valued at $249,000 after acquiring an additional 449 shares during the period. 96.14% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on HASI shares. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. Wells Fargo & Company began 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. JPMorgan Chase & Co. decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Finally, Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a "buy" rating and a $40.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $39.71.
Read Our Latest Stock Report on HASI
Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.2 %
Shares of NYSE:HASI traded up $0.05 during trading on Wednesday, reaching $29.50. 1,700,374 shares of the company traded hands, compared to its average volume of 1,067,920. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $24.00 and a 52-week high of $36.56. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 1.06 and a beta of 2.04. The business's fifty day moving average is $28.16 and its 200-day moving average is $30.40.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (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 return on equity of 11.84% and a net margin of 52.15%. As a group, analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.
Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 5.70%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 106.33%.
About Hannon Armstrong Sustainable Infrastructure Capital
(
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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