Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 105.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,722 shares of the real estate investment trust’s stock after purchasing an additional 37,885 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,978,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $27,000. Blue Trust Inc. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 394 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 439 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $39,000. Finally, Allworth Financial LP lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,584 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $29.07 on Monday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $24.00 and a 1 year high of $36.56. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. The company’s 50-day moving average is $28.08 and its 200 day moving average is $30.44. The stock has a market capitalization of $3.47 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.06 and a beta of 2.04.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. On average, sell-side analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 annualized dividend and a yield of 5.78%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 106.33%.

Analyst Ratings Changes

HASI has been the subject of a number of research analyst reports. Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. The Goldman Sachs Group decreased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price objective on the stock. Finally, Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

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.