Clean Yield Group Sells 9,755 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Clean Yield Group cut its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 190,494 shares of the real estate investment trust’s stock after selling 9,755 shares during the period. Hannon Armstrong Sustainable Infrastructure Capital accounts for about 2.1% of Clean Yield Group’s investment portfolio, making the stock its 9th biggest holding. Clean Yield Group owned 0.17% of Hannon Armstrong Sustainable Infrastructure Capital worth $6,566,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HASI. GAMMA Investing LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 16.9% in the third quarter. GAMMA Investing LLC now owns 5,256 shares of the real estate investment trust’s stock valued at $181,000 after acquiring an additional 759 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 13.7% in the 3rd quarter. SG Americas Securities LLC now owns 11,522 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 1,384 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 120,337 shares of the real estate investment trust’s stock valued at $3,562,000 after purchasing an additional 1,263 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $359,000. Finally, Doheny Asset Management CA acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth approximately $1,144,000. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.4 %

Shares of HASI stock opened at $34.71 on Tuesday. The stock has a market cap of $3.96 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.30 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $14.11 and a 1 year high of $36.15. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77. The stock 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 (NYSE:HASI) last released its 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. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The firm had revenue of $94.52 million during the quarter, compared to the consensus estimate of $30.97 million. During the same period in the prior year, the company posted $0.53 EPS. On average, research 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 company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 80.58%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HASI. Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price objective for the company. Mizuho lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Tuesday, June 25th. Finally, The Goldman Sachs Group increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $39.25.

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.