GAMMA Investing LLC Acquires Shares of 3,260 Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

GAMMA Investing LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the fourth quarter, Holdings Channel reports. The firm acquired 3,260 shares of the real estate investment trust’s stock, valued at approximately $90,000.

A number of other institutional investors also recently added to or reduced their stakes in HASI. Manchester Capital Management LLC raised its stake in shares of 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 last quarter. Global Retirement Partners LLC raised its stake in shares of 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 last quarter. Westside Investment Management Inc. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC raised its stake in shares of 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 last quarter. Finally, CWM LLC raised its stake in shares of 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 last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HASI. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. 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. Bank of America boosted their price objective 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. The Goldman Sachs Group boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Finally, Morgan Stanley boosted their price objective 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and an average price target of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $25.47 on Tuesday. The firm has a fifty day moving average of $25.94 and a two-hundred day moving average of $24.35. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 0.99 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $13.22 and a 52 week high of $29.88. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given 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 was Thursday, April 4th. This represents a $1.66 annualized dividend and a dividend yield of 6.52%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 123.88%.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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.