Thrivent Financial for Lutherans Decreases Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Thrivent Financial for Lutherans lowered its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,406 shares of the real estate investment trust’s stock after selling 2,035 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Hannon Armstrong Sustainable Infrastructure Capital worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HASI. Benjamin F. Edwards & Company Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,495 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 837 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth approximately $755,000. Hsbc Holdings PLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.3% during the second quarter. Hsbc Holdings PLC now owns 57,969 shares of the real estate investment trust’s stock worth $1,714,000 after purchasing an additional 2,387 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 81.3% during the second quarter. Dimensional Fund Advisors LP now owns 83,561 shares of the real estate investment trust’s stock worth $2,473,000 after purchasing an additional 37,465 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.2% during the second quarter. Rathbones Group PLC now owns 509,500 shares of the real estate investment trust’s stock worth $15,081,000 after purchasing an additional 10,898 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HASI shares. Morgan Stanley upped their price objective 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. Robert W. Baird upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday. B. Riley raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, Mizuho upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Buy” and an average price target of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE HASI opened at $34.40 on Monday. The company has a market cap of $3.92 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.30 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $13.22 and a 12 month high of $36.15. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. The company has a 50-day simple moving average of $32.57 and a 200-day simple moving average of $30.34.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $94.52 million during the quarter, compared to the consensus estimate of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.66 dividend on an annualized basis and a yield of 4.83%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

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.