Pallas Capital Advisors LLC Buys New Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Pallas Capital Advisors LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 91,335 shares of the real estate investment trust’s stock, valued at approximately $2,451,000.

Other hedge funds also recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $73,000. Covestor Ltd increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after acquiring 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 during the second quarter worth approximately $69,000. Institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

HASI has been the subject of a number of analyst reports. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, January 8th. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Robert W. Baird lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Finally, The Goldman Sachs Group decreased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI traded down $0.44 during trading hours on Monday, hitting $26.52. The stock had a trading volume of 1,016,169 shares, compared to its average volume of 1,025,245. The stock has a market cap of $3.14 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.77 and a 1 year high of $36.56. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The company’s fifty day simple moving average is $29.04 and its 200 day simple moving average is $31.39.

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 given a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 6.26%. The ex-dividend date was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 93.26%.

Insiders Place Their Bets

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the purchase, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.00% of the company’s stock.

About Hannon Armstrong Sustainable Infrastructure Capital

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.