First Affirmative Financial Network Has $280,000 Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

First Affirmative Financial Network lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 5.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,129 shares of the real estate investment trust’s stock after buying an additional 384 shares during the quarter. First Affirmative Financial Network’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Macroview Investment Management LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth about $31,000. Scarborough Advisors LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $40,000. Plato Investment Management Ltd bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the first quarter valued at approximately $49,000. Point72 Hong Kong Ltd acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth approximately $69,000. Finally, Addison Advisors LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 580 shares during the period. Institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HASI. Mizuho increased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Tuesday, June 25th. Morgan Stanley upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Robert W. Baird lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Finally, Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They set a “buy” rating and a $39.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Buy” and a consensus target price of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 2.7 %

Shares of NYSE HASI opened at $34.06 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $15.71 and a 1 year high of $36.15. The company has a 50 day simple moving average of $32.93 and a 200 day simple moving average of $30.89. The firm has a market cap of $3.88 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $94.52 million during the quarter, compared to the consensus estimate of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.66 annualized dividend and a dividend yield of 4.87%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

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.