Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 121,183 shares of the real estate investment trust’s stock after selling 1,748 shares during the quarter. Prudential Financial Inc. owned 0.10% of Hannon Armstrong Sustainable Infrastructure Capital worth $3,251,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HASI. Cerity Partners LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 24.4% in the 3rd quarter. Cerity Partners LLC now owns 21,846 shares of the real estate investment trust’s stock worth $753,000 after purchasing an additional 4,282 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.3% during the third quarter. The Manufacturers Life Insurance Company now owns 65,812 shares of the real estate investment trust’s stock worth $2,269,000 after buying an additional 2,713 shares during the period. FMR LLC grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 12.2% during the third quarter. FMR LLC now owns 1,153,215 shares of the real estate investment trust’s stock valued at $39,751,000 after buying an additional 125,387 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 44.9% in 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 acquiring an additional 154,110 shares during the period. Finally, Verition Fund Management LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 40.5% in the 3rd quarter. Verition Fund Management LLC now owns 11,733 shares of the real estate investment trust’s stock valued at $404,000 after acquiring an additional 3,384 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on HASI shares. Truist Financial initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a “buy” rating and a $40.00 price target on the stock. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an “overweight” rating and a $33.00 target price for the company. Finally, The Goldman Sachs Group lowered their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $29.20 on Thursday. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $24.00 and a 12-month high of $36.56. The business’s 50 day moving average is $28.58 and its two-hundred day moving average is $30.13. The company has a market capitalization of $3.48 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.06 and a beta of 2.04.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced 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 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%. Analysts expect 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 announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.42 per share. 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 5.75%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 106.33%.

Hannon Armstrong Sustainable Infrastructure Capital 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.