Raymond James Financial Inc. Makes New Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Raymond James Financial Inc. purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 172,316 shares of the real estate investment trust’s stock, valued at approximately $4,623,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HASI. Erste Asset Management GmbH bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $73,622,000. Bank of New York Mellon Corp grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust’s stock valued at $59,265,000 after purchasing an additional 602,456 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after purchasing an additional 491,585 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 68.6% in the third quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust’s stock worth $31,487,000 after buying an additional 371,593 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 valued at $5,616,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $29.74 on Wednesday. The stock has a market capitalization of $3.55 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $24.00 and a one year high of $36.56. 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 business’s 50 day simple moving average is $28.35 and its two-hundred day simple moving average is $30.31.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued 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). The firm 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%. Analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 5.65%. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 106.33%.

Analysts Set New Price Targets

HASI has been the topic of a number of research analyst reports. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, January 8th. Truist Financial started coverage on shares of 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. The Goldman Sachs Group dropped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Wells Fargo & Company began 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 target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.