Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 2.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,636,884 shares of the real estate investment trust’s stock after acquiring an additional 53,799 shares during the quarter. Geode Capital Management LLC owned approximately 2.22% of Hannon Armstrong Sustainable Infrastructure Capital worth $90,912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in 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 acquiring an additional 27,529 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $1,742,000. Creative Planning purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $548,000. Encompass Capital Advisors LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth $18,759,000. Finally, PFG Investments LLC grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.8% during the third quarter. PFG Investments LLC now owns 239,559 shares of the real estate investment trust’s stock valued at $8,258,000 after buying an additional 19,464 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn purchased 3,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the acquisition, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $26.39 on Friday. The stock has a market capitalization of $3.13 billion, a P/E ratio of 14.83, a P/E/G ratio of 1.24 and a beta of 1.93. The business has a 50-day moving average of $31.37 and a two-hundred day moving average of $31.84. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.77 and a fifty-two week high of $36.56. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be given a dividend of $0.415 per share. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 6.29%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 93.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target for the company. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 target price for the company. Finally, The Goldman Sachs Group dropped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

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.