CIBC Asset Management Inc Reduces Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

CIBC Asset Management Inc cut its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 29.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,469 shares of the real estate investment trust’s stock after selling 3,513 shares during the period. CIBC Asset Management Inc’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $227,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HASI. Erste Asset Management GmbH purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth about $73,622,000. Wellington Management Group LLP boosted its stake in shares of 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. Rockefeller Capital Management L.P. boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 68.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust’s stock worth $31,487,000 after purchasing an additional 371,593 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth about $5,616,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 44.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 497,203 shares of the real estate investment trust’s stock valued at $17,139,000 after buying an additional 154,110 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HASI. The Goldman Sachs Group decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a “buy” rating and a $40.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 1.1 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $28.67 on Wednesday. The stock has a market cap of $3.42 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95. The firm has a fifty day moving average price of $27.69 and a 200 day moving average price of $30.71. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $24.00 and a 1 year high of $36.56. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55.

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 business had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. Equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.86%. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 106.33%.

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.