SFE Investment Counsel Raises Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

SFE Investment Counsel boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,415 shares of the real estate investment trust’s stock after purchasing an additional 18,009 shares during the period. SFE Investment Counsel owned about 0.12% of Hannon Armstrong Sustainable Infrastructure Capital worth $3,735,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust’s stock valued at $252,378,000 after buying an additional 1,847,577 shares during the last quarter. BlackRock Inc. lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 22.5% in the 2nd quarter. BlackRock Inc. now owns 8,702,176 shares of the real estate investment trust’s stock worth $217,554,000 after purchasing an additional 1,599,641 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 14.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,856,866 shares of the real estate investment trust’s stock valued at $111,772,000 after purchasing an additional 498,044 shares during the period. Amundi boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 58.8% in the 4th quarter. Amundi now owns 2,898,675 shares of the real estate investment trust’s stock valued at $85,859,000 after purchasing an additional 1,073,727 shares during the period. Finally, State Street Corp grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the 2nd quarter. State Street Corp now owns 2,162,923 shares of the real estate investment trust’s stock valued at $54,073,000 after purchasing an additional 300,785 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI stock traded up $0.22 during trading hours on Thursday, hitting $24.62. 481,022 shares of the company’s stock were exchanged, compared to its average volume of 984,081. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $13.22 and a 12-month high of $29.88. The company has a market capitalization of $2.80 billion, a PE ratio of 18.21, a PEG ratio of 0.91 and a beta of 1.88. The business’s 50 day simple moving average is $25.85 and its 200-day simple moving average is $23.78. The company has a current ratio of 19.42, a quick ratio of 19.42 and a debt-to-equity ratio of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 6.74%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 123.88%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Mizuho lifted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. The Goldman Sachs Group upped 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 report on Friday, February 16th. B. Riley lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.89.

Hannon Armstrong Sustainable Infrastructure Capital 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.