Bank of New York Mellon Corp Raises Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Bank of New York Mellon Corp raised its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 18.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,728,400 shares of the real estate investment trust’s stock after buying an additional 267,304 shares during the period. Bank of New York Mellon Corp owned about 1.52% of Hannon Armstrong Sustainable Infrastructure Capital worth $51,161,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HASI. Macroview Investment Management LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at about $31,000. Scarborough Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $40,000. Plato Investment Management Ltd purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter worth approximately $49,000. Segantii Capital Management Ltd acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth approximately $77,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,322.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,845 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 2,645 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $32.38 on Friday. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.98. The company has a debt-to-equity ratio of 1.87, a current ratio of 15.60 and a quick ratio of 15.61. The business has a 50-day moving average of $31.16 and a 200 day moving average of $29.13. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $13.22 and a 12 month high of $34.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.34%. The business had revenue of $94.52 million during the quarter, compared to analyst estimates of $30.97 million. During the same quarter last year, the firm posted $0.53 earnings per share. As a group, sell-side analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 dividend on an annualized basis and a yield of 5.13%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 80.58%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HASI shares. JPMorgan Chase & Co. boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. TD Cowen upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the company a “buy” rating in a report on Monday, May 13th. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Tuesday, June 25th. Morgan Stanley increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $48.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, May 16th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.20.

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.