Dimensional Fund Advisors LP Purchases 37,465 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Dimensional Fund Advisors LP boosted its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 81.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,561 shares of the real estate investment trust’s stock after buying an additional 37,465 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of Hannon Armstrong Sustainable Infrastructure Capital worth $2,473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rathbones Group PLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.2% in the 2nd quarter. Rathbones Group PLC now owns 509,500 shares of the real estate investment trust’s stock valued at $15,081,000 after buying an additional 10,898 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 237,938 shares of the real estate investment trust’s stock valued at $7,043,000 after purchasing an additional 9,051 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 35.2% during the 2nd quarter. William Blair Investment Management LLC now owns 25,780 shares of the real estate investment trust’s stock valued at $763,000 after purchasing an additional 6,718 shares during the last quarter. Doheny Asset Management CA acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at about $1,144,000. Finally, Choreo LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at about $214,000. 96.14% of the stock is owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $34.07 on Friday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $15.71 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. The business’s 50 day simple moving average is $32.93 and its 200 day simple moving average is $30.86. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.29 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 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The business had revenue of $94.52 million for the quarter, compared to the consensus estimate of $30.97 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. Sell-side analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.415 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.66 dividend on an annualized basis and a yield of 4.87%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 77.21%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. The Goldman Sachs Group lifted their price target 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. 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 note on Tuesday, July 16th. Robert W. Baird lifted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. 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 research note on Friday, July 26th. Finally, Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price on the stock. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $39.25.

About Hannon Armstrong Sustainable Infrastructure Capital

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.