Mackenzie Financial Corp Takes $204,000 Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Mackenzie Financial Corp purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,904 shares of the real estate investment trust’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swedbank AB lifted its stake in shares of 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 worth $119,012,000 after acquiring an additional 257,233 shares in the last quarter. Tidal Investments LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 48.0% during the 1st quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock valued at $2,321,000 after purchasing an additional 26,508 shares in the last quarter. Abundance Wealth Counselors acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at $1,110,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 38.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 837,163 shares of the real estate investment trust’s stock valued at $23,775,000 after acquiring an additional 232,351 shares during the last quarter. Finally, Perpetual Ltd lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.4% in the first quarter. Perpetual Ltd now owns 619,800 shares of the real estate investment trust’s stock valued at $17,602,000 after purchasing an additional 48,050 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $34.71 on Tuesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. The firm has a market cap of $3.96 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.30 and a beta of 1.98. The firm has a 50 day simple moving average of $32.79 and a 200 day simple moving average of $30.71. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $14.11 and a fifty-two week high of $36.15.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $94.52 million during the quarter, compared to analyst estimates of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same quarter last year, the business posted $0.53 earnings per share. Sell-side analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

HASI has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Morgan Stanley increased their target price 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. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Royal Bank of Canada assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price target for the company. Finally, Mizuho raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $39.25.

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.