CIBC Asset Management Inc purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,508 shares of the real estate investment trust’s stock, valued at approximately $345,000.
Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,047 shares in the last quarter. Westside Investment Management Inc. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth $34,000. Manchester Capital Management LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 706.6% during the third quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,074 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 56.7% during the fourth quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 713 shares in the last quarter. Finally, Segantii Capital Management Ltd acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth $77,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently weighed in on HASI shares. The Goldman Sachs Group boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Oppenheimer reissued an “outperform” rating and issued a $48.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, May 16th. TD Cowen boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Bank of America boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and an average target price of $33.82.
Read Our Latest Stock Report on Hannon Armstrong Sustainable Infrastructure Capital
Hannon Armstrong Sustainable Infrastructure Capital Stock Performance
Shares of HASI opened at $31.51 on Tuesday. The firm’s fifty day simple moving average is $28.94 and its two-hundred day simple moving average is $26.73. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $13.22 and a 12 month high of $33.99. The stock has a market capitalization of $3.59 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.18 and a beta of 1.99. The company has a current ratio of 15.60, a quick ratio of 15.61 and a debt-to-equity ratio of 1.87.
Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.415 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.66 annualized dividend and a dividend yield of 5.27%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 80.58%.
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.
See Also
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