Choreo LLC Cuts Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Choreo LLC reduced its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 18.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,376 shares of the real estate investment trust’s stock after selling 1,624 shares during the period. Choreo LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HASI. JPMorgan Chase & Co. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.1% during 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 during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $2,451,000. Harbor Capital Advisors Inc. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock valued at $1,932,000 after purchasing an additional 21,446 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after purchasing an additional 27,529 shares during the last quarter. Finally, Creative Planning purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth $548,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HASI. JPMorgan Chase & Co. reduced their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their target price 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 initiated 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 price target for the company. Finally, StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.3 %

HASI opened at $28.00 on Friday. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The stock has a market cap of $3.32 billion, a PE ratio of 15.73, a PEG ratio of 1.06 and a beta of 1.95. The business has a 50 day moving average of $27.87 and a 200-day moving average of $30.83. 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 announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 59.56% and a return on equity of 11.53%. The company had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. Equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.2 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 annualized dividend and a dividend yield of 6.00%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 93.26%.

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.