Envestnet Asset Management Inc. Purchases 9,051 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Envestnet Asset Management Inc. increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 237,938 shares of the real estate investment trust’s stock after buying an additional 9,051 shares during the period. Envestnet Asset Management Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $7,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the first quarter worth $106,881,000. Norges Bank purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth about $24,660,000. Vanguard Group Inc. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after buying an additional 713,519 shares during the period. Bank of New York Mellon Corp increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the second quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock worth $51,161,000 after buying an additional 267,304 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 38.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 837,163 shares of the real estate investment trust’s stock worth $23,775,000 after acquiring an additional 232,351 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday. Robert W. Baird increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group boosted their target price 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. JPMorgan Chase & Co. upped 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. Finally, Jefferies Financial Group initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price objective for the company. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Buy” and a consensus target price of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 2.6 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $34.40 on Friday. The company’s 50-day moving average price is $32.57 and its 200-day moving average price is $30.28. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.30 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $13.22 and a 12-month high of $36.15. 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 (NYSE:HASI) last posted its earnings results 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 business had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same period in the prior year, the company posted $0.53 EPS. On average, equities analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 4.83%. The ex-dividend date is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 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.