Bank of New York Mellon Corp grew its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 467,505 shares of the real estate investment trust’s stock after purchasing an additional 16,683 shares during the quarter. Bank of New York Mellon Corp owned about 0.64% of Hannon Armstrong Sustnbl Infrstr Cap worth $13,305,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Arosa Capital Management LP boosted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 1,146.5% during the 1st quarter. Arosa Capital Management LP now owns 450,000 shares of the real estate investment trust’s stock valued at $9,185,000 after acquiring an additional 413,900 shares in the last quarter. Neumeier Poma Investment Counsel LLC boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 13.6% in the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 2,693,268 shares of the real estate investment trust’s stock valued at $54,970,000 after purchasing an additional 321,655 shares in the last quarter. Wellington Management Group LLP raised its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 3.8% during the 1st quarter. Wellington Management Group LLP now owns 6,366,730 shares of the real estate investment trust’s stock worth $129,945,000 after purchasing an additional 233,799 shares during the last quarter. First Trust Advisors LP grew its position in Hannon Armstrong Sustnbl Infrstr Cap by 126.8% in the 2nd quarter. First Trust Advisors LP now owns 300,708 shares of the real estate investment trust’s stock valued at $8,558,000 after purchasing an additional 168,110 shares during the period. Finally, Trillium Asset Management LLC grew its position in Hannon Armstrong Sustnbl Infrstr Cap by 29.3% in the 2nd quarter. Trillium Asset Management LLC now owns 640,179 shares of the real estate investment trust’s stock valued at $18,219,000 after purchasing an additional 144,974 shares during the period. Institutional investors and hedge funds own 76.76% of the company’s stock.

Shares of NYSE:HASI opened at $41.88 on Wednesday. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 8.15 and a beta of 1.68. The company has a debt-to-equity ratio of 1.61, a quick ratio of 31.48 and a current ratio of 31.48. The stock’s 50-day simple moving average is $39.30 and its two-hundred day simple moving average is $30.72. Hannon Armstrong Sustnbl Infrstr Cap Inc has a 52-week low of $15.01 and a 52-week high of $43.78.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.12. Hannon Armstrong Sustnbl Infrstr Cap had a return on equity of 9.64% and a net margin of 54.92%. As a group, equities analysts forecast that Hannon Armstrong Sustnbl Infrstr Cap Inc will post 1.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, October 2nd will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, October 1st. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio (DPR) is currently 115.25%.

In related news, EVP Daniel K. Mcmahon sold 10,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $38.35, for a total transaction of $383,500.00. Following the sale, the executive vice president now owns 178,913 shares of the company’s stock, valued at approximately $6,861,313.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is currently owned by company insiders.

HASI has been the subject of several research reports. Robert W. Baird reissued a “buy” rating and issued a $34.00 price target on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Thursday, July 2nd. Oppenheimer reiterated a “buy” rating and set a $44.00 price target on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Tuesday, August 11th. Bank of America lowered Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a report on Thursday, August 13th. Morgan Stanley boosted their price objective on Hannon Armstrong Sustnbl Infrstr Cap from $28.00 to $31.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Hannon Armstrong Sustnbl Infrstr Cap from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.80.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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Institutional Ownership by Quarter for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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