Swiss National Bank Increases Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Swiss National Bank raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 229,634 shares of the real estate investment trust’s stock after purchasing an additional 6,900 shares during the quarter. Swiss National Bank owned 0.19% of Hannon Armstrong Sustainable Infrastructure Capital worth $6,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP lifted its position 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 purchasing an additional 491,585 shares in the last quarter. State Street Corp lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% during the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock valued at $152,575,000 after buying an additional 42,762 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock valued at $90,912,000 after acquiring an additional 53,799 shares during the period. Bank of New York Mellon Corp increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 37.5% in the 4th 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 in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $73,622,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $29.30 on Monday. The stock has a 50 day moving average price of $28.29 and a 200-day moving average price of $30.34. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $24.00 and a one year high of $36.56. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The firm had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. Equities analysts expect 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. Shareholders 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 5.73%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 106.33%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an “overweight” rating and a $33.00 price target on the stock. The Goldman Sachs Group lowered their price target on 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. Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.71.

About Hannon Armstrong Sustainable Infrastructure Capital

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.