Oppenheimer & Co. Inc. Sells 10,740 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Oppenheimer & Co. Inc. lowered its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187,181 shares of the real estate investment trust’s stock after selling 10,740 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.16% of Hannon Armstrong Sustainable Infrastructure Capital worth $5,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HASI. Creative Planning bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $548,000. Values Added Financial LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $326,000. Janney Montgomery Scott LLC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 67,933 shares of the real estate investment trust’s stock valued at $2,342,000 after acquiring an additional 1,201 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $1,742,000. Finally, Catalyst Capital Advisors LLC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 2,331.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 8,339 shares of the real estate investment trust’s stock valued at $287,000 after acquiring an additional 7,996 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on HASI shares. JPMorgan Chase & Co. dropped their target price on 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. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Citigroup upgraded 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. Truist Financial started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 price objective for the company. Finally, Bank of America started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $28.73 on Friday. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. The business has a fifty day moving average of $27.78 and a 200 day moving average of $30.68. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $24.00 and a 1 year high of $36.56.

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 analysts’ consensus estimates of $0.59 by ($0.02). The firm had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. As a group, research 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 declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a dividend of $0.42 per share. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a yield of 5.85%. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 106.33%.

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.