Harrington Investments INC Boosts Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Harrington Investments INC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,324 shares of the real estate investment trust’s stock after buying an additional 450 shares during the period. Harrington Investments INC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Los Angeles Capital Management LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.2% during the second quarter. Los Angeles Capital Management LLC now owns 8,082 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 401 shares during the last quarter. SFE Investment Counsel grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 0.8% during the 2nd quarter. SFE Investment Counsel now owns 182,820 shares of the real estate investment trust’s stock worth $5,411,000 after purchasing an additional 1,408 shares during the period. Addison Advisors LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 580 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.2% in the 2nd quarter. Arizona State Retirement System now owns 31,849 shares of the real estate investment trust’s stock valued at $943,000 after buying an additional 1,297 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.8% in the 2nd quarter. Victory Capital Management Inc. now owns 23,468 shares of the real estate investment trust’s stock valued at $695,000 after buying an additional 642 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HASI. Jefferies Financial Group assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target for the company. The Goldman Sachs Group boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Morgan Stanley raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Oppenheimer reiterated an “outperform” rating and issued a $48.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, May 16th. Finally, Royal Bank of Canada initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 3.1 %

HASI stock opened at $32.10 on Monday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $13.22 and a 12-month high of $34.00. The business’s 50-day moving average is $31.41 and its 200 day moving average is $29.40. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.16 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The business had revenue of $94.52 million for the quarter, compared to the consensus estimate of $30.97 million. During the same quarter last year, the business posted $0.53 earnings per share. On average, sell-side analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.31 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.66 annualized dividend and a yield of 5.17%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 80.58%.

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.