Good Life Advisors LLC Takes Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Good Life Advisors LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,850 shares of the real estate investment trust’s stock, valued at approximately $271,000.

A number of other large investors have also made changes to their positions in HASI. Vontobel Holding Ltd. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% in the third quarter. Vontobel Holding Ltd. now owns 1,343,068 shares of the real estate investment trust’s stock worth $46,296,000 after acquiring an additional 11,632 shares during the period. Creative Planning purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth approximately $548,000. Harrington Investments INC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.1% in the third quarter. Harrington Investments INC now owns 12,824 shares of the real estate investment trust’s stock worth $442,000 after acquiring an additional 500 shares during the period. First Affirmative Financial Network grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 5.0% in the third quarter. First Affirmative Financial Network now owns 8,129 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 384 shares during the period. Finally, Strong Tower Advisory Services grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.5% in the third quarter. Strong Tower Advisory Services now owns 21,684 shares of the real estate investment trust’s stock worth $747,000 after acquiring an additional 937 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HASI. The Goldman Sachs Group increased their price objective on 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. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Jefferies Financial Group began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target on the stock. B. Riley upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Tuesday, June 25th. Finally, Robert W. Baird upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Buy” and an average target price of $40.18.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.7 %

Shares of NYSE HASI opened at $35.11 on Monday. The stock has a market cap of $4.00 billion, a P/E ratio of 17.04, a PEG ratio of 1.29 and a beta of 1.98. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $16.60 and a 12-month high of $36.15. The business’s fifty day simple moving average is $33.41 and its 200-day simple moving average is $31.16.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The firm had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. During the same quarter in the prior year, the company posted $0.53 earnings per share. As a group, equities analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 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.