Kestra Investment Management LLC Lowers Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Kestra Investment Management LLC decreased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 15.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,443 shares of the real estate investment trust’s stock after selling 3,445 shares during the period. Kestra Investment Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $522,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at $27,000. Blue Trust Inc. raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 394 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at $39,000. Allworth Financial LP raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,584 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at $60,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HASI shares. 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. Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective on the stock. Truist Financial initiated 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 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 4.0 %

NYSE HASI opened at $29.14 on Wednesday. The company has a current ratio of 13.55, a quick 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 $24.00 and a 12 month high of $36.56. The company’s 50-day moving average price is $27.80 and its 200-day moving average price is $30.79. The stock has a market cap of $3.45 billion, a PE ratio of 16.37, a PEG ratio of 1.06 and a beta of 1.95.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued 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 11.53% and a net margin of 59.56%. The business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. Equities research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.2 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 5.77%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 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.