Dynamic Technology Lab Private Ltd Acquires Shares of 24,798 Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Dynamic Technology Lab Private Ltd bought a new position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,798 shares of the real estate investment trust’s stock, valued at approximately $855,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Swedbank AB raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after acquiring an additional 257,233 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% in the second quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock valued at $51,161,000 after buying an additional 267,304 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.9% in the third quarter. Vontobel Holding Ltd. now owns 1,343,068 shares of the real estate investment trust’s stock valued at $46,296,000 after buying an additional 11,632 shares in the last quarter. Hood River Capital Management LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 26.7% in the second quarter. Hood River Capital Management LLC now owns 988,135 shares of the real estate investment trust’s stock valued at $29,249,000 after buying an additional 208,303 shares during the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth about $18,759,000. Institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI opened at $31.27 on Thursday. The firm’s 50 day simple moving average is $32.83 and its 200 day simple moving average is $32.12. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.77 and a fifty-two week high of $36.56. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.14 and a beta of 1.98. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be given a dividend of $0.415 per share. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.31%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 93.26%.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HASI. StockNews.com downgraded shares of 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 increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. 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. Morgan Stanley raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Citigroup boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.58.

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.