Victory Capital Management Inc. Acquires 113,505 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Victory Capital Management Inc. increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 453.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,547 shares of the real estate investment trust’s stock after acquiring an additional 113,505 shares during the quarter. Victory Capital Management Inc. owned about 0.12% of Hannon Armstrong Sustainable Infrastructure Capital worth $3,717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HASI. Erste Asset Management GmbH purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth about $73,622,000. Bank of New York Mellon Corp lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 37.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust’s stock worth $59,265,000 after buying an additional 602,456 shares during the period. Wellington Management Group LLP lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after buying an additional 491,585 shares during the period. Rockefeller Capital Management L.P. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 68.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust’s stock valued at $31,487,000 after acquiring an additional 371,593 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $5,616,000. Institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HASI shares. JPMorgan Chase & Co. lowered their target price on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. The Goldman Sachs Group dropped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, January 8th. Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Wells Fargo & Company began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an “overweight” rating and a $33.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 2.0 %

Shares of HASI stock opened at $29.07 on Friday. The stock has a market capitalization of $3.47 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.06 and a beta of 2.04. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The firm’s 50 day moving average is $28.08 and its 200 day moving average is $30.45. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $24.00 and a 12-month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. The firm had revenue of $37.74 million during the quarter, compared to the consensus estimate of $25.93 million. Research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 5.78%. The ex-dividend date is Friday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 106.33%.

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.