Scarborough Advisors LLC Buys New Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Scarborough Advisors LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,441 shares of the real estate investment trust’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spouting Rock Asset Management LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 12.0% in the 4th quarter. Spouting Rock Asset Management LLC now owns 44,530 shares of the real estate investment trust’s stock worth $1,228,000 after buying an additional 4,779 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $206,000. Oppenheimer & Co. Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 161.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 177,104 shares of the real estate investment trust’s stock valued at $4,885,000 after purchasing an additional 109,265 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 162,166 shares of the real estate investment trust’s stock valued at $4,473,000 after purchasing an additional 758 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $345,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $30.99 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $13.22 and a 52 week high of $33.99. The company has a current ratio of 15.60, a quick ratio of 15.61 and a debt-to-equity ratio of 1.87. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.18 and a beta of 1.99. The company has a 50-day moving average price of $29.44 and a two-hundred day moving average price of $27.04.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.36%. The ex-dividend date is Wednesday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 80.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Morgan Stanley upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Oppenheimer reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, May 16th. Bank of America boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, B. Riley boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.82.

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.