William Blair Investment Management LLC Grows Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

William Blair Investment Management LLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 35.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,780 shares of the real estate investment trust’s stock after buying an additional 6,718 shares during the period. William Blair Investment Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 161.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 177,104 shares of the real estate investment trust’s stock valued at $4,885,000 after acquiring an additional 109,265 shares during the period. Norges Bank purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth about $24,660,000. BNP Paribas Financial Markets lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 101.1% during the fourth quarter. BNP Paribas Financial Markets now owns 92,581 shares of the real estate investment trust’s stock worth $2,553,000 after purchasing an additional 46,550 shares during the period. Swedbank AB boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock valued at $119,012,000 after buying an additional 257,233 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 9.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,010,904 shares of the real estate investment trust’s stock worth $27,881,000 after buying an additional 89,164 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $34.75 on Tuesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. The firm has a fifty day moving average of $32.00 and a 200 day moving average of $29.78. The firm has a market cap of $3.96 billion, a PE ratio of 16.87, a PEG ratio of 1.25 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $13.22 and a one year high of $35.16.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The business had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $30.97 million. During the same quarter in the previous year, the company earned $0.53 earnings per share. As a group, research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.24 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. The Goldman Sachs Group lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. B. Riley upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Tuesday, June 25th. Finally, Mizuho lifted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and an average price target of $37.67.

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.