Avantax Advisory Services Inc. Buys 983 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Avantax Advisory Services Inc. boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,050 shares of the real estate investment trust’s stock after purchasing an additional 983 shares during the period. Avantax Advisory Services Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HASI. Victory Capital Management Inc. raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 25,042 shares of the real estate investment trust’s stock worth $863,000 after purchasing an additional 1,574 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.9% during the third quarter. Natixis Advisors LLC now owns 32,588 shares of the real estate investment trust’s stock worth $1,123,000 after purchasing an additional 597 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,371 shares of the real estate investment trust’s stock valued at $2,357,000 after purchasing an additional 571 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $950,000. Finally, Cerity Partners LLC lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 24.4% in the third quarter. Cerity Partners LLC now owns 21,846 shares of the real estate investment trust’s stock worth $753,000 after purchasing an additional 4,282 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 1.8 %

NYSE HASI opened at $29.74 on Wednesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $24.00 and a one year high of $36.56. The business has a 50 day simple moving average of $28.35 and a 200 day simple moving average of $30.31. The stock has a market capitalization of $3.55 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.06 and a beta of 2.04.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). The business had revenue of $37.74 million during 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%. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.65%. This is a positive change 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 payout ratio is presently 106.33%.

Analysts Set New Price Targets

HASI has been the topic of a number of recent research reports. 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 on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 target price on the stock. 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 research report on Wednesday, January 8th. Finally, Wells Fargo & Company assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

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.