Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.0% in the fourth quarter, Holdings Channel reports. The fund owned 109,000 shares of the real estate investment trust’s stock after purchasing an additional 1,100 shares during the period. New York State Teachers Retirement System’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $3,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of HASI. AlphaCrest Capital Management LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 9.5% during the 1st quarter. AlphaCrest Capital Management LLC now owns 8,712 shares of the real estate investment trust’s stock worth $413,000 after buying an additional 754 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 22.7% during the 1st 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 in the last quarter. MetLife Investment Management LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 40,317 shares of the real estate investment trust’s stock valued at $1,912,000 after purchasing an additional 14,237 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 37,622 shares of the real estate investment trust’s stock valued at $1,784,000 after purchasing an additional 1,207 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 7,833,390 shares of the real estate investment trust’s stock valued at $371,538,000 after purchasing an additional 86,269 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $24.81 on Tuesday. The business’s fifty day moving average price is $25.83 and its two-hundred day moving average price is $23.75. The stock has a market cap of $2.82 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 0.97 and a beta of 1.88. The company has a debt-to-equity ratio of 1.98, a quick ratio of 19.42 and a current ratio of 19.42. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $13.22 and a one year high of $29.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be issued a dividend of $0.415 per share. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 4th. This represents a $1.66 annualized dividend and a dividend yield of 6.69%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 123.88%.

Analysts Set New Price Targets

Several research firms recently weighed in on HASI. Mizuho raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. B. Riley raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Morgan Stanley raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Finally, The Goldman Sachs Group increased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.89.

About Hannon Armstrong Sustainable Infrastructure Capital

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.