MML Investors Services LLC Invests $352,000 in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

MML Investors Services LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,201 shares of the real estate investment trust’s stock, valued at approximately $352,000.

Several other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after buying an additional 491,585 shares in the last quarter. State Street Corp raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% during the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock worth $152,575,000 after acquiring an additional 42,762 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $73,622,000. Bank of New York Mellon Corp boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock valued at $51,161,000 after acquiring an additional 267,304 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.9% in the third quarter. Vontobel Holding Ltd. now owns 1,343,068 shares of the real estate investment trust’s stock valued at $46,296,000 after purchasing an additional 11,632 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.72 on Wednesday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.93. The firm has a 50-day moving average of $31.09 and a two-hundred day moving average of $31.75. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.77 and a 1 year high of $36.56. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a $0.415 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.66 annualized dividend and a yield of 5.99%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 93.26%.

Insiders Place Their Bets

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HASI shares. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price on the stock. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective on the stock. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Robert W. Baird boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.50.

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.