AlphaCrest Capital Management LLC Boosts Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

AlphaCrest Capital Management LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) by 37.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,554 shares of the real estate investment trust’s stock after buying an additional 3,128 shares during the period. AlphaCrest Capital Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $346,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at approximately $35,000. Lazard Asset Management LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth approximately $38,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $48,000. Prospera Financial Services Inc boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.1% during the 2nd quarter. Prospera Financial Services Inc now owns 1,658 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 254 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $109,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

HASI has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $58.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 10th. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Saturday, December 24th. Bank of America raised shares of Hannon Armstrong Sustainable Infrastructure Capital from an “underperform” rating to a “neutral” rating and decreased their price target for the company from $39.00 to $34.00 in a research report on Tuesday, January 24th. Oppenheimer decreased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, February 17th. Finally, TheStreet cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “b-” rating to a “c” rating in a research report on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.71.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI opened at $27.65 on Friday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.56 and a twelve month high of $49.71. The firm’s fifty day simple moving average is $33.30 and its 200-day simple moving average is $32.14. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 60.11, a PEG ratio of 1.42 and a beta of 1.67. The company has a current ratio of 18.57, a quick ratio of 18.57 and a debt-to-equity ratio of 1.79.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Monday, April 3rd will be issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.71%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 31st. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 326.09%.

Hannon Armstrong Sustainable Infrastructure Capital Profile

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Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in the business of investing in climate solutions and the provision of capital to assets developed by companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. It focuses on generating attractive returns from a diversified portfolio of project company investments with long-term, predictable cash flows from proven technologies that reduce carbon emissions or increase resilience to climate change.