First Trust Advisors LP Has $16.22 Million Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

First Trust Advisors LP reduced its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 559,541 shares of the real estate investment trust’s stock after selling 16,237 shares during the quarter. First Trust Advisors LP owned approximately 0.63% of Hannon Armstrong Sustainable Infrastructure Capital worth $16,224,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Congress Asset Management Co. MA grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.2% in the 3rd quarter. Congress Asset Management Co. MA now owns 33,456 shares of the real estate investment trust’s stock valued at $1,001,000 after buying an additional 400 shares during the last quarter. First Affirmative Financial Network raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 5.8% during the 4th quarter. First Affirmative Financial Network now owns 7,650 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 419 shares during the last quarter. Prudential Financial Inc. raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 7.1% during the 2nd quarter. Prudential Financial Inc. now owns 6,738 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 446 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,359 shares of the real estate investment trust’s stock valued at $793,000 after purchasing an additional 458 shares during the period. Finally, Nwam LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.2% in the 4th quarter. Nwam LLC now owns 21,436 shares of the real estate investment trust’s stock worth $621,000 after purchasing an additional 471 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average cost of $24.12 per share, for a total transaction of $72,360.00. Following the transaction, the chief financial officer now directly owns 48,291 shares in the company, valued at $1,164,778.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction on Thursday, March 16th. The shares were bought at an average price of $24.12 per share, with a total value of $72,360.00. Following the completion of the purchase, the chief financial officer now owns 48,291 shares in the company, valued at $1,164,778.92. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Susan D. Nickey bought 2,000 shares of the stock in a transaction dated Thursday, March 16th. The stock was acquired at an average price of $23.91 per share, with a total value of $47,820.00. Following the completion of the purchase, the executive vice president now owns 58,245 shares of the company’s stock, valued at approximately $1,392,637.95. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 7,087 shares of company stock worth $170,101. Insiders own 3.40% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 4.6 %

HASI opened at $26.78 on Tuesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.56 and a twelve month high of $46.24. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 127.53, a PEG ratio of 1.42 and a beta of 1.68. The firm’s 50-day simple moving average is $26.79 and its 200-day simple moving average is $30.30. The company has a debt-to-equity ratio of 2.03, a quick ratio of 18.35 and a current ratio of 18.35.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Wednesday, July 5th will be issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Monday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 752.42%.

Analyst Ratings Changes

Several research firms recently weighed in on HASI. Cowen reduced their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $44.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, February 23rd. Bank of America raised Hannon Armstrong Sustainable Infrastructure Capital from an “underperform” rating to a “neutral” rating and decreased their price objective for the stock from $39.00 to $34.00 in a report on Tuesday, January 24th. JPMorgan Chase & Co. cut their target price on Hannon Armstrong Sustainable Infrastructure Capital from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday, February 17th. Oppenheimer decreased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, February 17th. Finally, StockNews.com assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, May 18th. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.71.

About Hannon Armstrong Sustainable Infrastructure Capital

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Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in the business of investing in climate solutions and the provision of capital to assets developed by companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. It focuses on generating attractive returns from a diversified portfolio of project company investments with long-term, predictable cash flows from proven technologies that reduce carbon emissions or increase resilience to climate change.