Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 2,083.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,403 shares of the real estate investment trust’s stock after buying an additional 17,560 shares during the quarter. Truvestments Capital LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $494,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HASI. Janney Montgomery Scott LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.8% during 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 purchasing an additional 1,201 shares during the period. Covestor Ltd grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 530 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 15.9% during the third quarter. Crossmark Global Holdings Inc. now owns 15,256 shares of the real estate investment trust’s stock worth $526,000 after acquiring an additional 2,092 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 59,603 shares of the real estate investment trust’s stock worth $2,055,000 after acquiring an additional 1,610 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.7% during the third quarter. Victory Capital Management Inc. now owns 25,042 shares of the real estate investment trust’s stock worth $863,000 after acquiring an additional 1,574 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.4 %

NYSE:HASI opened at $28.50 on Thursday. 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 fifty-two week low of $24.00 and a fifty-two week high of $36.56. The stock’s 50-day moving average is $27.99 and its two-hundred day moving average is $30.53. The stock has a market cap of $3.40 billion, a PE ratio of 18.04, a price-to-earnings-growth 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 for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The business had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. As a group, equities research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal 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 paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 106.33%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HASI shares. JPMorgan Chase & Co. lowered 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 report on Thursday, January 23rd. Wells Fargo & Company started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an “overweight” rating and a $33.00 target price on the stock. 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 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 target price on the stock in a report on Wednesday, January 8th. Finally, Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.