Geode Capital Management LLC Acquires 53,799 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Geode Capital Management LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,636,884 shares of the real estate investment trust’s stock after acquiring an additional 53,799 shares during the quarter. Geode Capital Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $90,912,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Barclays PLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the third quarter. Barclays PLC now owns 476,940 shares of the real estate investment trust’s stock valued at $16,441,000 after acquiring an additional 6,911 shares during the period. MML Investors Services LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $352,000. Wellington Management Group LLP raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock valued at $455,216,000 after purchasing an additional 491,585 shares in the last quarter. State Street Corp lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the third quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock worth $152,575,000 after purchasing an additional 42,762 shares during the period. Finally, Reynders McVeigh Capital Management LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth $305,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the transaction, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HASI. Citigroup increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 target price on the stock. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Robert W. Baird upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Finally, Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.8 %

NYSE:HASI opened at $26.39 on Friday. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.24 and a beta of 1.93. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The stock’s fifty day moving average price is $31.37 and its two-hundred day moving average price is $31.84. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.77 and a 52-week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 6.29%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 93.26%.

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.