Doheny Asset Management CA Makes New $1.14 Million Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Doheny Asset Management CA bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 40,190 shares of the real estate investment trust’s stock, valued at approximately $1,144,000.

Other institutional investors also recently modified their holdings of the company. Macroview Investment Management LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $31,000. Scarborough Advisors LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $40,000. Plato Investment Management Ltd acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth $49,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $69,000. Finally, Addison Advisors LLC lifted its holdings in shares of 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 valued at $78,000 after purchasing an additional 580 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Morgan Stanley raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Tuesday, June 25th. Finally, Royal Bank of Canada started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Buy” and an average target price of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE HASI opened at $34.40 on Friday. The stock has a market cap of $3.92 billion, a PE ratio of 16.70, a P/E/G ratio of 1.30 and a beta of 1.98. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $13.22 and a 52-week high of $36.15. The firm has a 50-day moving average of $32.57 and a 200-day moving average of $30.28.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results 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. The company had revenue of $94.52 million during 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 quarter last year, the firm earned $0.53 earnings per share. On average, sell-side analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

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 issued a $0.415 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.66 annualized dividend and a yield of 4.83%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 80.58%.

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.