34,200 Shares in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 34,200 shares of the real estate investment trust’s stock, valued at approximately $913,000.

Several other institutional investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.7% during the third quarter. Victory Capital Management Inc. now owns 25,042 shares of the real estate investment trust’s stock valued at $863,000 after buying an additional 1,574 shares during the last quarter. Natixis Advisors LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 32,588 shares of the real estate investment trust’s stock valued at $1,123,000 after acquiring an additional 597 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,371 shares of the real estate investment trust’s stock valued at $2,357,000 after acquiring an additional 571 shares during the last quarter. SMH Capital Advisors Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth approximately $484,000. Finally, Intech Investment Management LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $950,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE HASI opened at $29.63 on Tuesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $24.00 and a 1 year high of $36.56. The firm has a fifty day moving average price of $28.08 and a 200-day moving average price of $30.44. The stock has a market cap of $3.53 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results 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 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. Equities analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business 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 $0.42 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.68 annualized dividend and a yield of 5.67%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 106.33%.

Analyst Ratings Changes

A number of equities research analysts have commented on HASI shares. JPMorgan Chase & Co. cut 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 report on Thursday, January 23rd. Wells Fargo & Company assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price objective for the company. Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Wednesday, January 8th. Bank of America started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 price target for the company. Finally, The Goldman Sachs Group lowered their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

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.