22,888 Shares in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,888 shares of the real estate investment trust’s stock, valued at approximately $789,000.

A number of other hedge funds have also recently made changes to their positions in the company. Macroview Investment Management LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth $31,000. Point72 Hong Kong Ltd acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth about $69,000. Covestor Ltd grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 530 shares during the last quarter. Addison Advisors LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 580 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth approximately $90,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Citigroup increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Robert W. Baird boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 price target for the company. Finally, Royal Bank of Canada started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $31.36 on Monday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.77 and a 12 month high of $36.56. The firm has a market capitalization of $3.72 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.27 and a beta of 1.98. The firm has a fifty day simple moving average of $32.61 and a two-hundred day simple moving average of $32.10. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.29%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 93.26%.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CFO Marc T. Pangburn acquired 3,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Hannon Armstrong Sustainable Infrastructure Capital Company 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.