Bailard Inc. Sells 4,745 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Bailard Inc. trimmed its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,651 shares of the real estate investment trust’s stock after selling 4,745 shares during the period. Bailard Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,278,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% in 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. raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 394 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 432 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 439 shares in the last quarter. Finally, Truist Financial Corp increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% during the fourth quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 449 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $27.78 on Tuesday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $24.00 and a one year high of $36.56. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.06 and a beta of 1.95. The stock has a 50-day moving average of $27.80 and a 200 day moving average of $30.67.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted 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 return on equity of 11.84% and a net margin of 52.15%. The company had revenue of $37.74 million during the quarter, compared to the consensus estimate of $25.93 million. On average, sell-side analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

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

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.