Vert Asset Management LLC Increases Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Vert Asset Management LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,742 shares of the real estate investment trust’s stock after acquiring an additional 2,148 shares during the quarter. Hannon Armstrong Sustainable Infrastructure Capital comprises about 0.5% of Vert Asset Management LLC’s portfolio, making the stock its 29th largest position. Vert Asset Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after buying an additional 713,519 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 44.9% during the 4th quarter. Van ECK Associates Corp now owns 1,883,537 shares of the real estate investment trust’s stock valued at $51,948,000 after buying an additional 583,665 shares in the last quarter. Northern Trust Corp lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 8.2% during the 3rd quarter. Northern Trust Corp now owns 1,553,220 shares of the real estate investment trust’s stock valued at $32,928,000 after buying an additional 117,549 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 4.5% during the 4th quarter. Vontobel Holding Ltd. now owns 1,517,987 shares of the real estate investment trust’s stock valued at $41,866,000 after buying an additional 64,915 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 19.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,027,913 shares of the real estate investment trust’s stock valued at $28,350,000 after buying an additional 166,192 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HASI. Oppenheimer reissued an “outperform” rating and set a $48.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, May 16th. TD Cowen raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Bank of America raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, StockNews.com raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.82.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI stock traded down $0.19 during trading on Thursday, reaching $29.70. The company had a trading volume of 138,489 shares, compared to its average volume of 1,050,556. The firm has a 50-day simple moving average of $30.05 and a 200-day simple moving average of $27.24. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.14 and a beta of 1.99. The company has a debt-to-equity ratio of 1.87, a quick ratio of 15.61 and a current ratio of 15.60. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $13.22 and a twelve month high of $33.99.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, July 3rd will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Wednesday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 80.58%.

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.