KLP Kapitalforvaltning AS Invests $620,000 in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

KLP Kapitalforvaltning AS acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,800 shares of the real estate investment trust’s stock, valued at approximately $620,000.

Several other institutional investors and hedge funds have also made changes to their positions in HASI. Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $59,265,000 after acquiring an additional 602,456 shares during the period. Wellington Management Group LLP boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after purchasing an additional 491,585 shares during the period. Natural Investments LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $6,351,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 324.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 290,106 shares of the real estate investment trust’s stock valued at $7,784,000 after purchasing an additional 221,735 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at $4,623,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HASI has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on 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. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Truist Financial began 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 price target for the company. Finally, Wells Fargo & Company initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price objective on the stock. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI opened at $29.20 on Thursday. The company has a 50-day moving average of $28.58 and a two-hundred day moving average of $30.13. The stock has a market cap of $3.48 billion, a P/E ratio of 18.48, 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 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 (NYSE:HASI) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The company had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. As a group, research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal 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. The ex-dividend date is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.75%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 106.33%.

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.