Mirae Asset Global Investments Co. Ltd. Has $1.35 Million Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 7.8% in the fourth quarter, HoldingsChannel reports. The firm owned 48,854 shares of the real estate investment trust’s stock after selling 4,157 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. AlphaCrest Capital Management LLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 9.5% in the 1st 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 in the last quarter. Natixis Advisors L.P. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 22.7% in the 1st quarter. Natixis Advisors L.P. now owns 12,806 shares of the real estate investment trust’s stock valued at $607,000 after acquiring an additional 2,371 shares in the last quarter. MetLife Investment Management LLC increased its position 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 acquiring an additional 14,237 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 acquiring an additional 1,207 shares in the last quarter. Finally, Vanguard Group Inc. increased its position 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 acquiring an additional 86,269 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on HASI. TheStreet upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Morgan Stanley lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Bank of America lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Mizuho lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.89.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 2.5 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $24.95 on Monday. The company’s 50 day simple moving average is $25.89 and its 200 day simple moving average is $23.93. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $13.22 and a fifty-two week high of $29.88. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 0.95 and a beta of 1.88. The company has a debt-to-equity ratio of 1.98, a current ratio of 19.42 and a quick ratio of 19.42.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a dividend of $0.415 per share. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.66 annualized dividend and a yield of 6.65%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 123.88%.

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.