Williamson Legacy Group LLC Makes New Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Williamson Legacy Group LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,017 shares of the real estate investment trust's stock, valued at approximately $752,000.

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

Analyst Upgrades and Downgrades

HASI has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a "buy" rating and a $40.00 price objective for the company. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Monday, November 11th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a "buy" rating and a $40.00 price target for the company. Finally, Citigroup raised 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 research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE HASI traded down $0.70 during mid-day trading on Monday, reaching $28.03. 334,363 shares of the company were exchanged, compared to its average volume of 1,099,106. The stock has a market capitalization of $3.34 billion, a P/E ratio of 17.76, 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. The company's 50-day simple moving average is $27.80 and its 200-day simple moving average is $30.67. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $24.00 and a twelve month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued 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 company had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. As a group, research analysts predict 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 issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 5.99%. This is a positive change 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 is currently 106.33%.

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.