Atria Investments Inc Increases Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Atria Investments Inc lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 5.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,376 shares of the real estate investment trust’s stock after buying an additional 581 shares during the quarter. Atria Investments Inc’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $278,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Erste Asset Management GmbH purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at approximately $73,622,000. Bank of New York Mellon Corp boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.5% during 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 acquiring an additional 602,456 shares during the last quarter. Wellington Management Group LLP grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock valued at $455,216,000 after acquiring an additional 491,585 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 68.6% in 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 during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth $5,616,000. Institutional investors own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

HASI has been the topic of several research reports. Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Wednesday, January 8th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. The Goldman Sachs Group lowered their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI opened at $29.63 on Tuesday. 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 company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $24.00 and a 12 month high of $36.56. The firm’s 50-day moving average is $28.08 and its 200 day moving average is $30.44.

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

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 5.67%. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) 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.