Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Stock Position Cut by Flputnam Investment Management Co.

Flputnam Investment Management Co. trimmed its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 67.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,038 shares of the real estate investment trust’s stock after selling 56,121 shares during the quarter. Flputnam Investment Management Co.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in HASI. Amalgamated Bank raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the fourth quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust’s stock worth $926,000 after purchasing an additional 377 shares in the last quarter. Blue Trust Inc. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 394 shares during the period. Truist Financial Corp raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% in the 4th quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 449 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 27,910 shares of the real estate investment trust’s stock valued at $749,000 after buying an additional 500 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 530 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 3.3 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.78 on Tuesday. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $24.00 and a 12 month high of $36.56. The company’s fifty day simple moving average is $27.80 and its 200-day simple moving average is $30.67. The stock has a market cap of $3.31 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.06 and a beta of 1.95.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The firm had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $25.93 million. As a group, sell-side analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a yield of 6.05%. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 106.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HASI shares. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They issued a “buy” rating and a $40.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an “overweight” rating and a $33.00 target price for the company. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their target price on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital 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.