Pictet Asset Management SA Reduces Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Pictet Asset Management SA lessened its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 14.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,462 shares of the real estate investment trust’s stock after selling 1,545 shares during the period. Pictet Asset Management SA’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $271,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the first quarter worth about $38,000. CoreCap Advisors LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at approximately $26,000. Addison Advisors LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 191.2% during the first quarter. Addison Advisors LLC now owns 1,945 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 1,277 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth $63,000. Finally, Harbour Investments Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 34.3% in the fourth quarter. Harbour Investments Inc. now owns 2,232 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI opened at $21.64 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $19.46 and a fifty-two week high of $41.24. The firm’s 50-day simple moving average is $24.35 and its two-hundred day simple moving average is $26.46. The stock has a market cap of $2.32 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 1.02 and a beta of 1.69. 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 results on Thursday, August 3rd. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 10.20% and a net margin of 19.94%. The firm had revenue of $74.33 million for the quarter, compared to analysts’ expectations of $32.13 million. During the same period in the previous year, the firm posted $0.60 EPS. Analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 1.95 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Bank of America raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, August 15th. Citigroup started 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 on the stock. JPMorgan Chase & Co. decreased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $49.00 to $45.00 in a research report on Wednesday, July 19th. Finally, StockNews.com started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, August 17th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.50.

Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital

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

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.