Charles Schwab Investment Management Inc. Grows Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Charles Schwab Investment Management Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 1,104,764 shares of the real estate investment trust’s stock after buying an additional 11,250 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $29,641,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock valued at $455,216,000 after purchasing an additional 491,585 shares during the last quarter. State Street Corp boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.0% during the third quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock worth $152,575,000 after buying an additional 42,762 shares during the period. Geode Capital Management LLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock valued at $90,912,000 after acquiring an additional 53,799 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust’s stock valued at $59,265,000 after acquiring an additional 602,456 shares during the period. Finally, Erste Asset Management GmbH bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth about $73,622,000. 96.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on HASI. Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Bank of America began coverage on 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. Citigroup raised 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. Finally, The Goldman Sachs Group decreased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and a consensus price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 1.9 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $29.63 on Tuesday. 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 stock has a market cap of $3.53 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.06 and a beta of 2.04. The firm’s 50-day moving average is $28.08 and its two-hundred day moving average is $30.44.

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

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 5.67%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 106.33%.

Hannon Armstrong Sustainable Infrastructure Capital 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.