Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. reduced its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,284 shares of the real estate investment trust’s stock after selling 1,236 shares during the period. Freedom Investment Management Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $630,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Macroview Investment Management LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $31,000. Plato Investment Management Ltd acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth $49,000. Covestor Ltd raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 530 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at $69,000. Finally, Addison Advisors LLC lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% in the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 580 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 3.1 %

HASI opened at $31.27 on Friday. The business has a fifty day moving average price of $32.75 and a 200 day moving average price of $32.11. 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, Inc. has a 12 month low of $21.77 and a 12 month high of $36.56. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.14 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid 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 payout ratio is 93.26%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HASI shares. Jefferies Financial Group initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price objective on the stock. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target on the stock. Robert W. Baird increased their price objective on shares of 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. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Finally, The Goldman Sachs Group raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus target price of $40.58.

Insider Buying and Selling

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $28.71 per share, with a total value of $100,485.00. Following the transaction, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. The trade was a 6.57 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

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.