Amalgamated Bank Decreases Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Amalgamated Bank lowered its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,612 shares of the real estate investment trust’s stock after selling 787 shares during the period. Amalgamated Bank’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,025,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HASI. Macroview Investment Management LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $31,000. Scarborough Advisors LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $40,000. Plato Investment Management Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter worth $49,000. Addison Advisors LLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 580 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at about $90,000. Institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target for the company. Jefferies Financial Group started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Morgan Stanley raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and an average price target of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI stock opened at $33.54 on Friday. The firm has a 50 day moving average of $32.52 and a 200-day moving average of $30.22. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.30 and a beta of 1.98. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $13.22 and a 12-month high of $36.15.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The business had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $30.97 million. During the same period last year, the company posted $0.53 EPS. As a group, equities analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 annualized dividend and a yield of 4.95%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 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.