Insider Buying: Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) CFO Purchases 3,500 Shares of Stock

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) CFO Marc T. Pangburn purchased 3,500 shares of the business’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 purchase, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 7.8 %

HASI traded down $2.28 during trading on Tuesday, hitting $26.90. The company’s stock had a trading volume of 2,289,527 shares, compared to its average volume of 1,066,088. The firm’s 50 day moving average price is $33.99 and its 200-day moving average price is $32.04. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $18.72 and a twelve month high of $36.56. The stock has a market cap of $3.13 billion, a PE ratio of 15.90, a PEG ratio of 1.07 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.17%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 93.26%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several institutional investors and hedge funds have recently bought and sold shares of HASI. Cerity Partners LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 24.4% in the 3rd quarter. Cerity Partners LLC now owns 21,846 shares of the real estate investment trust’s stock worth $753,000 after buying an additional 4,282 shares in the last quarter. Nwam LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $1,046,000. Intech Investment Management LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth $950,000. SMH Capital Advisors Inc. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $484,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,371 shares of the real estate investment trust’s stock valued at $2,357,000 after acquiring an additional 571 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Mizuho raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Citigroup boosted their target price on 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. Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price on the stock. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Finally, The Goldman Sachs Group increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.83.

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.