Corebridge Financial Inc. Has $1.65 Million Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Corebridge Financial Inc. lessened its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,602 shares of the real estate investment trust’s stock after selling 3,097 shares during the quarter. Corebridge Financial Inc. owned approximately 0.05% of Hannon Armstrong Sustainable Infrastructure Capital worth $1,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Legend Financial Advisors Inc. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $27,000. Blue Trust Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 394 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 439 shares during the period. Roxbury Financial LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at about $39,000. Finally, Allworth Financial LP increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,584 shares during the period. Institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE:HASI opened at $29.20 on Thursday. The stock’s 50-day moving average is $28.58 and its 200-day moving average is $30.13. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $24.00 and a 1-year high of $36.56. The stock has a market cap of $3.48 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results 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). The company had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. Equities research analysts anticipate 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.75%. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 106.33%.

Wall Street Analysts Forecast Growth

HASI has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Wells Fargo & Company initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price target for the company. Truist Financial assumed coverage on 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. JPMorgan Chase & Co. cut 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 report on Thursday, January 23rd. Finally, Citigroup raised 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 report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.