Amalgamated Bank Acquires 377 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Amalgamated Bank boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.1% during the fourth quarter, HoldingsChannel reports. The fund owned 34,501 shares of the real estate investment trust’s stock after purchasing an additional 377 shares during the quarter. Amalgamated Bank’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Creative Planning acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $548,000. Janney Montgomery Scott LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.8% in the third quarter. Janney Montgomery Scott LLC now owns 67,933 shares of the real estate investment trust’s stock valued at $2,342,000 after buying an additional 1,201 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth about $1,742,000. Catalyst Capital Advisors LLC lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2,331.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 8,339 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 7,996 shares during the period. Finally, Covestor Ltd lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 530 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI stock opened at $27.78 on Tuesday. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The firm has a market cap of $3.31 billion, a PE ratio of 17.58, a P/E/G ratio of 1.06 and a beta of 1.95. The business has a 50 day moving average of $27.80 and a 200-day moving average of $30.67. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $24.00 and a 12-month high of $36.56.

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

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a $0.42 dividend. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. This represents a $1.68 annualized dividend and a yield of 6.05%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 106.33%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, January 8th. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. Truist Financial started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.71.

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.