LGL Partners LLC Purchases New Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

LGL Partners LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 9,000 shares of the real estate investment trust’s stock, valued at approximately $248,000.

Other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 706.6% during the third quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,074 shares during the period. Global Retirement Partners LLC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,047 shares during the period. Westside Investment Management Inc. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $34,000. Addison Advisors LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 56.7% in the fourth quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 713 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 32.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,306 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 805 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HASI shares. B. Riley increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Bank of America increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Mizuho increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI traded down $0.33 on Tuesday, reaching $25.17. The company had a trading volume of 545,220 shares, compared to its average volume of 969,104. The business has a 50 day simple moving average of $25.94 and a 200 day simple moving average of $24.35. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 0.99 and a beta of 1.88. The company has a debt-to-equity ratio of 1.98, a quick ratio of 19.42 and a current ratio of 19.42. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $13.22 and a 52-week high of $29.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.415 per share. The ex-dividend date was Thursday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a dividend yield of 6.60%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 123.88%.

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.