State of New Jersey Common Pension Fund D raised its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) by 25.7% during the 1st quarter, Holdings Channel reports. The firm owned 58,704 shares of the real estate investment trust’s stock after acquiring an additional 11,990 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $2,784,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. CWM LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at $28,000. Exchange Traded Concepts LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 32.4% during the first quarter. Exchange Traded Concepts LLC now owns 1,904 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 466 shares during the last quarter. Resources Management Corp CT ADV boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.9% during the fourth quarter. Resources Management Corp CT ADV now owns 2,764 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 883 shares during the last quarter. Private Capital Group LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 15.8% during the first quarter. Private Capital Group LLC now owns 3,160 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 430 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at $175,000. Institutional investors and hedge funds own 77.94% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on HASI shares. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research note on Monday, May 16th. B. Riley increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, April 22nd. Finally, Morgan Stanley decreased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $66.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday, June 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.50.
Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.2 %
Shares of NYSE:HASI opened at $36.09 on Friday. The stock’s 50-day moving average price is $36.42 and its two-hundred day moving average price is $40.68. The company has a current ratio of 18.00, a quick ratio of 18.00 and a debt-to-equity ratio of 1.56. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $28.68 and a 12-month high of $65.74. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.74 and a beta of 1.73.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 10.52% and a net margin of 54.97%. During the same period last year, the business posted $0.37 EPS. On average, research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 1.81 EPS for the current year.
Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Stockholders of record on Tuesday, July 5th were issued a $0.375 dividend. The ex-dividend date was Friday, July 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.16%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 108.70%.
Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital
In other news, CFO Jeffrey Lipson acquired 3,000 shares of the business’s stock in a transaction dated Friday, May 13th. The shares were bought at an average cost of $37.18 per share, for a total transaction of $111,540.00. Following the acquisition, the chief financial officer now directly owns 30,737 shares in the company, valued at approximately $1,142,801.66. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Jeffrey Lipson bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were acquired at an average cost of $37.18 per share, for a total transaction of $111,540.00. Following the acquisition, the chief financial officer now owns 30,737 shares in the company, valued at approximately $1,142,801.66. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Eckel bought 2,668 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were bought at an average price of $37.41 per share, for a total transaction of $99,809.88. Following the completion of the acquisition, the chief executive officer now owns 535,507 shares in the company, valued at approximately $20,033,316.87. The disclosure for this purchase can be found here. Company insiders own 3.40% of the company’s stock.
Hannon Armstrong Sustainable Infrastructure Capital Company Profile
Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company’s projects include building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.
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