CIBC Asset Management Inc Reduces Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

CIBC Asset Management Inc lessened its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,469 shares of the real estate investment trust’s stock after selling 3,513 shares during the period. CIBC Asset Management Inc’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $227,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HASI. Principal Financial Group Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 574,402 shares of the real estate investment trust’s stock valued at $15,411,000 after purchasing an additional 25,682 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 26.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 75,646 shares of the real estate investment trust’s stock valued at $2,030,000 after purchasing an additional 16,043 shares during the last quarter. Allworth Financial LP boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% in the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,584 shares during the last quarter. Congress Asset Management Co. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 4.7% in the 4th quarter. Congress Asset Management Co. now owns 39,839 shares of the real estate investment trust’s stock valued at $1,069,000 after purchasing an additional 1,772 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of 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. The Goldman Sachs Group decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Bank of America began 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. Finally, Truist Financial began coverage on shares of 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and an average target price of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE:HASI opened at $28.67 on Wednesday. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The firm has a 50-day moving average price of $27.69 and a two-hundred day moving average price of $30.71. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $24.00 and a twelve month high of $36.56. The company has a market capitalization of $3.42 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted 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). The business had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. As a group, research analysts expect 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.86%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 106.33%.

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.