Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Purchased by Clean Yield Group

Clean Yield Group lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 0.4% in the fourth quarter, HoldingsChannel reports. The fund owned 191,264 shares of the real estate investment trust’s stock after purchasing an additional 770 shares during the quarter. Hannon Armstrong Sustainable Infrastructure Capital makes up 1.6% of Clean Yield Group’s holdings, making the stock its 14th largest holding. Clean Yield Group’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $5,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Legend Financial Advisors Inc. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $60,000. Wilmington Savings Fund Society FSB acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth about $73,000. Covestor Ltd boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 530 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth approximately $69,000. 96.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HASI shares. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, January 8th. Robert W. Baird boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. The Goldman Sachs Group reduced their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Finally, Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

Insider Buying and Selling

In other news, CFO Marc T. Pangburn purchased 3,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were bought at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the transaction, the chief financial officer now directly owns 56,791 shares in the company, valued at $1,630,469.61. This trade represents a 6.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.2 %

Shares of HASI traded down $0.33 during midday trading on Monday, reaching $26.63. 439,158 shares of the stock were exchanged, compared to its average volume of 946,812. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 1.21 and a beta of 1.94. The firm has a 50 day simple moving average of $29.04 and a 200-day simple moving average of $31.39. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $21.77 and a 12-month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were issued a dividend of $0.415 per share. The ex-dividend date was Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.23%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 93.26%.

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.