Russell Investments Group Ltd. Sells 7,347 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Russell Investments Group Ltd. trimmed its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 386,976 shares of the real estate investment trust’s stock after selling 7,347 shares during the quarter. Russell Investments Group Ltd.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $10,673,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HASI. Global Retirement Partners LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,047 shares during the last quarter. Westside Investment Management Inc. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at about $34,000. Manchester Capital Management LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 706.6% during the 3rd quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,074 shares in the last quarter. Addison Advisors LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 56.7% during the 4th quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 713 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at about $90,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $25.98 on Monday. The company has a quick ratio of 19.42, a current ratio of 19.42 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $2.96 billion, a PE ratio of 19.39, a P/E/G ratio of 0.99 and a beta of 1.88. The company has a 50 day moving average price of $25.93 and a 200-day moving average price of $24.57. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $13.22 and a 52 week high of $29.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.415 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 6.39%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 123.88%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Bank of America raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. B. Riley raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Morgan Stanley raised their price objective on shares of 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. TheStreet upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group lifted their price target on shares of 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. Three investment analysts have rated the stock with a hold rating and five have assigned 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 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.