Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) CFO Purchases $100,485.00 in Stock

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) CFO Marc T. Pangburn bought 3,500 shares of the stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $28.71 per share, with a total value of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares of the company’s stock, valued at $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.7 %

Shares of NYSE:HASI opened at $27.54 on Friday. The firm’s 50 day moving average price is $33.77 and its 200 day moving average price is $32.02. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.02 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.77 and a fifty-two week high of $36.56. The company has a quick ratio of 13.27, a current ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be issued 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 yield of 6.03%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 93.26%.

Wall Street Analyst Weigh In

HASI has been the subject of several research analyst reports. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday. The Goldman Sachs Group raised their price objective 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. 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 objective for the company. Finally, Citigroup raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and an average target price of $39.83.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after purchasing an additional 257,233 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth approximately $73,622,000. Bank of New York Mellon Corp raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the second quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock worth $51,161,000 after purchasing an additional 267,304 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% during the third quarter. Vontobel Holding Ltd. now owns 1,343,068 shares of the real estate investment trust’s stock worth $46,296,000 after purchasing an additional 11,632 shares in the last quarter. Finally, FMR LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 12.2% during the third quarter. FMR LLC now owns 1,153,215 shares of the real estate investment trust’s stock worth $39,751,000 after purchasing an additional 125,387 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

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.