Public Sector Pension Investment Board Reduces Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Public Sector Pension Investment Board lessened its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 247,063 shares of the real estate investment trust’s stock after selling 3,200 shares during the quarter. Public Sector Pension Investment Board’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $8,516,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at about $254,000. Price T Rowe Associates Inc. MD boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 120,091 shares of the real estate investment trust’s stock valued at $3,412,000 after purchasing an additional 1,815 shares during the last quarter. Janus Henderson Group PLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 66.6% during the 1st quarter. Janus Henderson Group PLC now owns 84,773 shares of the real estate investment trust’s stock valued at $2,407,000 after purchasing an additional 33,904 shares in the last quarter. Tidal Investments LLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 48.0% during the 1st quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock worth $2,321,000 after purchasing an additional 26,508 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 158,432 shares of the real estate investment trust’s stock worth $4,381,000 after purchasing an additional 7,718 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HASI shares. Citigroup raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target for the company. Finally, Robert W. Baird upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus target price of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.4 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $31.40 on Friday. The firm has a market capitalization of $3.72 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.27 and a beta of 1.98. The company has a 50-day simple moving average of $32.61 and a 200-day simple moving average of $32.10. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $21.77 and a one year high of $36.56. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 annualized dividend and a dividend yield of 5.29%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 93.26%.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the purchase, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This trade represents a 6.57 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

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.