Norges Bank Makes New $30.56 Million Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Norges Bank acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the fourth quarter, HoldingsChannel reports. The firm acquired 1,138,895 shares of the real estate investment trust’s stock, valued at approximately $30,557,000.

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.3% in the third quarter. The Manufacturers Life Insurance Company now owns 65,812 shares of the real estate investment trust’s stock worth $2,269,000 after purchasing an additional 2,713 shares during the last quarter. FMR LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 12.2% in the 3rd quarter. FMR LLC now owns 1,153,215 shares of the real estate investment trust’s stock worth $39,751,000 after buying an additional 125,387 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 40.5% during the 3rd quarter. Verition Fund Management LLC now owns 11,733 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 3,384 shares in the last quarter. HighTower Advisors LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 26.6% in the third quarter. HighTower Advisors LLC now owns 17,074 shares of the real estate investment trust’s stock worth $592,000 after acquiring an additional 3,589 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth approximately $5,616,000. 96.14% of the stock is owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 6.9 %

NYSE:HASI opened at $27.05 on Monday. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. The firm has a market cap of $3.28 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.06 and a beta of 1.83. The company has a 50-day moving average of $28.62 and a 200 day moving average of $30.00. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $24.00 and a 1-year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. As a group, research analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal 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 6.21%. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 106.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HASI shares. The Goldman Sachs Group lowered their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, January 8th. Wells Fargo & Company began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an “overweight” rating and a $33.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Truist Financial began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They issued a “buy” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

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.