Bank of New York Mellon Corp Purchases 602,456 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Bank of New York Mellon Corp grew its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 37.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,208,894 shares of the real estate investment trust’s stock after purchasing an additional 602,456 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.86% of Hannon Armstrong Sustainable Infrastructure Capital worth $59,265,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $27,000. Blue Trust Inc. boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 394 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $39,000. Allworth Financial LP boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,584 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth $60,000. 96.14% of the stock is owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $28.24 on Wednesday. The firm has a 50-day moving average of $27.81 and a 200-day moving average of $30.64. The company has a market cap of $3.37 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.06 and a beta of 1.95. 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, Inc. has a one year low of $24.00 and a one year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). The firm had revenue of $37.74 million during the quarter, compared to analysts’ expectations 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 forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Friday, April 4th. 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 (DPR) is 106.33%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, January 8th. Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 target price on the stock. The Goldman Sachs Group cut their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Wells Fargo & Company assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an “overweight” rating and a $33.00 target price on the stock. Finally, Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a “buy” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

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.