Figure 8 Investment Strategies LLC Takes Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Figure 8 Investment Strategies LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 77,133 shares of the real estate investment trust’s stock, valued at approximately $2,069,000. Hannon Armstrong Sustainable Infrastructure Capital makes up about 2.0% of Figure 8 Investment Strategies LLC’s investment portfolio, making the stock its 20th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock worth $10,361,000 after purchasing an additional 89,126 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth about $2,451,000. Harbor Capital Advisors Inc. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock worth $1,932,000 after acquiring an additional 21,446 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after acquiring an additional 27,529 shares during the period. Finally, Creative Planning purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $548,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.6 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.92 on Friday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $23.66 and a 12-month high of $36.56. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The stock has a 50 day moving average price of $27.99 and a two-hundred day moving average price of $30.90. The stock has a market capitalization of $3.31 billion, a P/E ratio of 15.69, a PEG ratio of 1.06 and a beta of 1.95.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.53% and a net margin of 59.56%. Equities analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.2 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on HASI. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 target price on the stock. The Goldman Sachs Group reduced their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.23.

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.