Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 29.9% in the fourth quarter, HoldingsChannel reports. The firm owned 432,338 shares of the real estate investment trust’s stock after selling 184,818 shares during the quarter. Federated Hermes Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $11,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HASI. Manchester Capital Management LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 706.6% in the third quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,074 shares during the period. Global Retirement Partners LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,047 shares during the period. Westside Investment Management Inc. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 32.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,306 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 805 shares during the period. Finally, CWM LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 83.4% in the third quarter. CWM LLC now owns 3,611 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 1,642 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.8 %

Shares of HASI opened at $25.60 on Wednesday. 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. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.95 and a beta of 1.88. The stock has a 50 day moving average price of $25.89 and a 200 day moving average price of $24.01.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 6.48%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 123.88%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HASI shares. Morgan Stanley boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Bank of America upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. TheStreet raised Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. B. Riley upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday. Finally, The Goldman Sachs Group upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and an average target price of $32.22.

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.