Allspring Global Investments Holdings LLC Decreases Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 26.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,501 shares of the real estate investment trust’s stock after selling 900 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Insight Folios Inc purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $542,000. Brown Advisory Inc. lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.4% during the 1st quarter. Brown Advisory Inc. now owns 281,606 shares of the real estate investment trust’s stock valued at $8,054,000 after buying an additional 43,754 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at $71,000. SG Americas Securities LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 15.1% in the 1st quarter. SG Americas Securities LLC now owns 41,926 shares of the real estate investment trust’s stock valued at $1,199,000 after purchasing an additional 5,507 shares in the last quarter. Finally, Bailard Inc. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in the 1st quarter. Bailard Inc. now owns 41,836 shares of the real estate investment trust’s stock valued at $1,197,000 after purchasing an additional 878 shares in the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Analyst Ratings Changes

HASI has been the topic of a number of research reports. BNP Paribas initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Friday, October 20th. They issued an “outperform” rating and a $29.00 price objective on the stock. TheStreet lowered Hannon Armstrong Sustainable Infrastructure Capital from a “c-” rating to a “d+” rating in a report on Wednesday, November 1st. Citigroup initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, August 17th. They issued a “neutral” rating and a $24.00 price objective on the stock. Bank of America upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, August 15th. Finally, Robert W. Baird cut their target price on Hannon Armstrong Sustainable Infrastructure Capital from $44.00 to $28.00 in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.13.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 3.0 %

Shares of NYSE:HASI opened at $23.37 on Friday. The business has a 50-day moving average price of $19.86 and a 200 day moving average price of $23.01. The company has a current ratio of 19.73, a quick ratio of 19.73 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 61.50, a PEG ratio of 1.10 and a beta of 1.76. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $13.22 and a 12-month high of $39.67.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date is Thursday, December 28th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 415.79%.

Insider Buying and Selling

In other Hannon Armstrong Sustainable Infrastructure Capital news, EVP Richard Santoroski acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $20.46 per share, with a total value of $51,150.00. Following the transaction, the executive vice president now owns 2,500 shares of the company’s stock, valued at $51,150. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Marc T. Pangburn bought 5,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was bought at an average cost of $21.09 per share, with a total value of $105,450.00. Following the transaction, the chief financial officer now directly owns 53,291 shares in the company, valued at approximately $1,123,907.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Santoroski bought 2,500 shares of the company’s stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $20.46 per share, with a total value of $51,150.00. Following the completion of the transaction, the executive vice president now owns 2,500 shares in the company, valued at $51,150. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 15,025 shares of company stock valued at $311,684. 2.30% of the stock is currently owned by insiders.

About Hannon Armstrong Sustainable Infrastructure Capital

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.