Wells Fargo & Company MN trimmed its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 17.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,479 shares of the real estate investment trust’s stock after selling 78,008 shares during the period. Wells Fargo & Company MN owned about 0.70% of Hannon Armstrong Sustainable Infrastructure Capital worth $8,519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Delta Lloyd Asset Management N.V. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at about $4,574,000. US Bancorp DE raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 7.4% in the 2nd quarter. US Bancorp DE now owns 5,798 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 400 shares during the period. TD Asset Management Inc. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at about $517,000. Cambridge Investment Research Advisors Inc. raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 9.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 72,370 shares of the real estate investment trust’s stock valued at $1,655,000 after acquiring an additional 6,434 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at about $237,000. Institutional investors own 73.29% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) opened at 23.82 on Friday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $18.02 and a 12-month high of $24.66. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 43.15 and a beta of 0.96. The firm’s 50-day moving average price is $23.78 and its 200-day moving average price is $22.62.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend is Wednesday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 244.44%.

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A number of equities research analysts recently issued reports on the company. Zacks Investment Research cut Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research note on Wednesday. Cowen and Company reaffirmed a “buy” rating and set a $28.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, September 28th. BidaskClub raised Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, August 8th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $25.25.

In related news, EVP Nathaniel Rose sold 6,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $23.85, for a total transaction of $143,100.00. Following the sale, the executive vice president now owns 297,506 shares of the company’s stock, valued at approximately $7,095,518.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel K. Mcmahon sold 5,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $24.11, for a total value of $120,550.00. Following the sale, the executive vice president now directly owns 263,167 shares in the company, valued at approximately $6,344,956.37. The disclosure for this sale can be found here. 7.20% of the stock is owned by company insiders.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Institutional Ownership by Quarter for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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