Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,262 shares of the real estate investment trust’s stock after purchasing an additional 392 shares during the quarter. AQR Capital Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $718,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HASI. Swedbank AB purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth approximately $106,881,000. Vanguard Group Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock worth $348,009,000 after buying an additional 713,519 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% in the 2nd 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 38.4% during 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 purchasing an additional 232,351 shares during the period. Finally, Hood River Capital Management LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 26.7% during the second quarter. Hood River Capital Management LLC now owns 988,135 shares of the real estate investment trust’s stock worth $29,249,000 after purchasing an additional 208,303 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI stock opened at $34.06 on Monday. The company has a market cap of $3.88 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $15.71 and a twelve month high of $36.15. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 1.77. The business’s fifty day moving average is $32.93 and its 200-day moving average is $30.91.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (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 firm had revenue of $94.52 million for the quarter, compared to the consensus estimate of $30.97 million. During the same quarter last year, the business posted $0.53 EPS. Equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Analyst Ratings Changes

A number of research analysts have recently 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 set an “outperform” rating and a $41.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective 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 upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. 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 target price for the company. Finally, The Goldman Sachs Group increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Two equities 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.