Los Angeles Capital Management LLC Has $239,000 Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Los Angeles Capital Management LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,082 shares of the real estate investment trust’s stock after purchasing an additional 401 shares during the period. Los Angeles Capital Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Affirmative Financial Network increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5.3% in the second quarter. First Affirmative Financial Network now owns 7,745 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 391 shares during the period. Nisa Investment Advisors LLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 29,138 shares of the real estate investment trust’s stock worth $862,000 after acquiring an additional 432 shares during the period. Congress Asset Management Co. MA grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.4% during the 1st quarter. Congress Asset Management Co. MA now owns 38,856 shares of the real estate investment trust’s stock worth $1,103,000 after acquiring an additional 532 shares during the period. Addison Advisors LLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd 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 period. Finally, Victory Capital Management Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.8% during the 2nd quarter. Victory Capital Management Inc. now owns 23,468 shares of the real estate investment trust’s stock worth $695,000 after acquiring an additional 642 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $34.70 on Monday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $13.22 and a fifty-two week high of $35.12. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.25 and a beta of 1.98. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. The firm’s 50-day simple moving average is $31.88 and its 200 day simple moving average is $29.68.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The business had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $30.97 million. During the same quarter last year, the firm earned $0.53 EPS. As a group, research analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.24 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 annualized dividend and a yield of 4.78%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HASI shares. B. Riley upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Tuesday, June 25th. Morgan Stanley increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Jefferies Financial Group assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.67.

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.