Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 121,183 shares of the real estate investment trust’s stock after selling 1,748 shares during the quarter. Prudential Financial Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $3,251,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust’s stock worth $355,369,000 after buying an additional 156,695 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $620,000. Sei Investments Co. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 10.3% during the 4th quarter. Sei Investments Co. now owns 281,440 shares of the real estate investment trust’s stock valued at $7,551,000 after acquiring an additional 26,315 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $47,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,294 shares of the real estate investment trust’s stock worth $679,000 after purchasing an additional 402 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.5 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $29.20 on Thursday. The company has a market capitalization of $3.48 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $24.00 and a fifty-two week high of $36.56. The firm has a 50 day moving average price of $28.58 and a 200 day moving average price of $30.13.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly 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 return on equity of 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Research analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 4th. 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 5.75%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 106.33%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HASI. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, January 8th. Wells Fargo & Company assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an “overweight” rating and a $33.00 price target on the stock. Truist Financial started 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. The Goldman Sachs Group cut their price objective 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. Finally, JPMorgan Chase & Co. decreased 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 research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus target price of $39.71.

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.