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

Xponance Inc. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 22.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,999 shares of the real estate investment trust’s stock after acquiring an additional 1,630 shares during the period. Xponance Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after purchasing an additional 89,126 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at $2,451,000. Harbor Capital Advisors Inc. raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 42.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock valued at $1,932,000 after acquiring an additional 21,446 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 23.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 36,208 shares of the real estate investment trust’s stock valued at $986,000 after acquiring an additional 6,990 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth about $5,616,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HASI has been the topic of several research analyst reports. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 price target on the stock. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, January 8th. 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. Wells Fargo & Company started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped 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 report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $29.42 on Friday. The firm’s 50 day moving average is $28.48 and its two-hundred day moving average is $30.26. The firm has a market capitalization of $3.51 billion, a P/E ratio of 18.62, a PEG ratio of 1.06 and a beta of 2.04. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. 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 posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The business had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently disclosed 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 is a boost 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 5.71%. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 106.33%.

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.