Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 105.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,722 shares of the real estate investment trust's stock after acquiring an additional 37,885 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Hannon Armstrong Sustainable Infrastructure Capital worth $1,978,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 16.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,625 shares of the real estate investment trust's stock worth $178,000 after acquiring an additional 946 shares during the period. Raymond James Financial Inc. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $4,623,000. Arizona State Retirement System grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3.2% during the fourth quarter. Arizona State Retirement System now owns 33,882 shares of the real estate investment trust's stock worth $909,000 after acquiring an additional 1,046 shares during the period. Proficio Capital Partners LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $482,000. Finally, Atria Investments Inc grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5.9% during the fourth quarter. Atria Investments Inc now owns 10,376 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 581 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have commented on HASI shares. JPMorgan Chase & Co. dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. 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 on the stock in a report on Tuesday, December 17th. Wells Fargo & Company started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price objective on the stock. Citigroup raised 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. Finally, Truist Financial started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a "buy" rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.7 %

Hannon Armstrong Sustainable Infrastructure Capital stock traded up $0.20 during trading on Thursday, reaching $29.69. 575,039 shares of the company were exchanged, compared to its average volume of 1,067,436. 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 market capitalization of $3.54 billion, a P/E ratio of 18.79, a PEG ratio of 1.06 and a beta of 2.04. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. The stock's 50 day simple moving average is $28.16 and its two-hundred day simple moving average is $30.40.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last posted its earnings results 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. On average, equities research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a dividend of $0.42 per share. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a dividend yield of 5.66%. The ex-dividend date 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.