Harrington Investments INC Acquires 1,315 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Harrington Investments INC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,139 shares of the real estate investment trust’s stock after buying an additional 1,315 shares during the period. Harrington Investments INC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HASI. Amalgamated Bank boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the 4th quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 377 shares in the last quarter. Blue Trust Inc. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 394 shares during the period. Mutual of America Capital Management LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust’s stock worth $482,000 after buying an additional 432 shares during the period. Smartleaf Asset Management LLC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 439 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% during the 4th quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 449 shares during the period. 96.14% of the stock is owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $29.07 on Friday. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.06 and a beta of 2.04. 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’s fifty day moving average is $28.06 and its 200 day moving average is $30.50. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $24.00 and a 52-week high of $36.56.

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 return on equity of 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. Sell-side analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS 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. Investors 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 5.78%. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 106.33%.

Wall Street Analyst Weigh In

HASI has been the topic of several research reports. The Goldman Sachs Group dropped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Bank of America assumed coverage on shares of 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. JPMorgan Chase & Co. reduced 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 research report on Thursday, January 23rd. Wells Fargo & Company assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They set an “overweight” rating and a $33.00 price target for the company. Finally, Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a “buy” rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.71.

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.