Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,849 shares of the real estate investment trust’s stock after acquiring an additional 1,297 shares during the period. Arizona State Retirement System’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $943,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HASI. Victory Capital Management Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 24.2% during the fourth quarter. Victory Capital Management Inc. now owns 23,012 shares of the real estate investment trust’s stock worth $635,000 after buying an additional 4,481 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,010,904 shares of the real estate investment trust’s stock worth $27,881,000 after acquiring an additional 89,164 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 101.1% in the fourth quarter. BNP Paribas Financial Markets now owns 92,581 shares of the real estate investment trust’s stock valued at $2,553,000 after purchasing an additional 46,550 shares during the period. Principal Financial Group Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 578,741 shares of the real estate investment trust’s stock worth $15,962,000 after purchasing an additional 2,439 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 50.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,998 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Morgan Stanley raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Mizuho boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. The Goldman Sachs Group raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They set a “buy” rating and a $39.00 price objective for the company. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE:HASI opened at $34.69 on Friday. 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 1-year low of $13.22 and a 1-year high of $35.12. The firm has a 50-day moving average of $31.77 and a two-hundred day moving average of $29.57. The stock has a market cap of $4.04 billion, a P/E ratio of 16.84, a PEG ratio of 1.25 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. The company had revenue of $94.52 million for the quarter, compared to the consensus estimate of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. During the same period in the previous year, the business earned $0.53 EPS. On average, research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.24 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.415 per share. The ex-dividend date is Friday, October 4th. This represents a $1.66 dividend on an annualized basis and a yield of 4.79%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 80.58%.

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.