Natural Investments LLC Buys New Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Natural Investments LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 236,745 shares of the real estate investment trust’s stock, valued at approximately $6,351,000. Hannon Armstrong Sustainable Infrastructure Capital makes up about 1.7% of Natural Investments LLC’s holdings, making the stock its 9th largest holding. Natural Investments LLC owned 0.20% of Hannon Armstrong Sustainable Infrastructure Capital at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HASI. Amalgamated Bank grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the 4th quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust’s stock valued at $926,000 after acquiring an additional 377 shares in the last quarter. Blue Trust Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 394 shares during the period. Mutual of America Capital Management LLC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust’s stock valued at $482,000 after buying an additional 432 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 439 shares in the last quarter. Finally, Truist Financial Corp increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% in the 4th quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 449 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 2.9 %

Shares of HASI stock opened at $29.06 on Tuesday. The company’s fifty day moving average price is $27.91 and its 200-day moving average price is $30.57. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $24.00 and a one year high of $36.56. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.06 and a beta of 2.04.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. The firm had revenue of $37.74 million during the quarter, compared to the consensus estimate of $25.93 million. Sell-side analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.42 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.68 annualized dividend and a dividend yield of 5.78%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 106.33%.

Wall Street Analyst Weigh In

HASI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price target on the stock. Truist Financial started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 target price on the stock. Citigroup raised 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 research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Moderate Buy” and an average price target of $39.71.

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.