Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 9.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 192,134 shares of the real estate investment trust’s stock after selling 19,500 shares during the period. Swiss National Bank owned 0.21% of Hannon Armstrong Sustainable Infrastructure Capital worth $5,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HASI. AlphaCrest Capital Management LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 9.5% in the first quarter. AlphaCrest Capital Management LLC now owns 8,712 shares of the real estate investment trust’s stock valued at $413,000 after acquiring an additional 754 shares during the period. Natixis Advisors L.P. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 22.7% during the first quarter. Natixis Advisors L.P. now owns 12,806 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 2,371 shares during the period. MetLife Investment Management LLC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 54.6% during the first quarter. MetLife Investment Management LLC now owns 40,317 shares of the real estate investment trust’s stock worth $1,912,000 after buying an additional 14,237 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 37,622 shares of the real estate investment trust’s stock worth $1,784,000 after buying an additional 1,207 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the first quarter. Vanguard Group Inc. now owns 7,833,390 shares of the real estate investment trust’s stock worth $371,538,000 after buying an additional 86,269 shares during the period. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HASI has been the subject of several analyst reports. Citigroup initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, August 17th. They set a “neutral” rating and a $24.00 price objective for the company. Bank of America upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, August 15th. StockNews.com initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, August 17th. They set a “sell” rating on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $49.00 to $45.00 in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $21.64 on Wednesday. The stock has a market capitalization of $2.32 billion, a P/E ratio of 38.64, a P/E/G ratio of 1.02 and a beta of 1.69. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $19.46 and a 1 year high of $41.24. The business’s fifty day moving average is $24.35 and its two-hundred day moving average is $26.46. The company has a debt-to-equity ratio of 1.64, a quick ratio of 20.65 and a current ratio of 20.65.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $74.33 million during the quarter, compared to analysts’ expectations of $32.13 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 19.94% and a return on equity of 10.20%. During the same period in the prior year, the company posted $0.60 earnings per share. On average, research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 1.95 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, October 4th will be issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date of this dividend is Tuesday, October 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 282.15%.

Insider Buying and Selling

In other Hannon Armstrong Sustainable Infrastructure Capital news, CAO Charles Melko acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $21.24 per share, for a total transaction of $42,480.00. Following the completion of the acquisition, the chief accounting officer now owns 22,563 shares of the company’s stock, valued at approximately $479,238.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jeffrey Lipson bought 4,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $21.09 per share, with a total value of $84,360.00. Following the transaction, the chief executive officer now directly owns 36,925 shares in the company, valued at $778,748.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Charles Melko bought 2,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $21.24 per share, with a total value of $42,480.00. Following the transaction, the chief accounting officer now owns 22,563 shares in the company, valued at $479,238.12. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 22,025 shares of company stock worth $458,814. Corporate insiders own 2.30% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.