Ensign Peak Advisors Inc Grows Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Ensign Peak Advisors Inc boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) by 82.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,730 shares of the real estate investment trust’s stock after buying an additional 11,140 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Federated Hermes Inc. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 14.2% in the 3rd quarter. Federated Hermes Inc. now owns 923,805 shares of the real estate investment trust’s stock valued at $27,649,000 after buying an additional 114,655 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 355,881 shares of the real estate investment trust’s stock valued at $10,652,000 after purchasing an additional 26,861 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $202,000. AlphaCrest Capital Management LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.1% during the 3rd quarter. AlphaCrest Capital Management LLC now owns 11,554 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 3,128 shares during the last quarter. Finally, Energy Income Partners LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.8% during the 3rd quarter. Energy Income Partners LLC now owns 94,571 shares of the real estate investment trust’s stock valued at $2,830,000 after purchasing an additional 3,468 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TheStreet lowered Hannon Armstrong Sustainable Infrastructure Capital from a “b-” rating to a “c” rating in a research report on Thursday, February 16th. Morgan Stanley decreased their target price on 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. Bank of America raised Hannon Armstrong Sustainable Infrastructure Capital from an “underperform” rating to a “neutral” rating and decreased their price objective for the stock from $39.00 to $34.00 in a report on Tuesday, January 24th. JPMorgan Chase & Co. decreased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, February 17th. Finally, Oppenheimer decreased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, February 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $43.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 1.3 %

Shares of NYSE HASI opened at $28.00 on Tuesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.56 and a 52 week high of $49.71. The business has a 50-day simple moving average of $33.28 and a two-hundred day simple moving average of $32.00. The company has a quick ratio of 18.57, a current ratio of 18.57 and a debt-to-equity ratio of 1.79. The company has a market cap of $2.55 billion, a P/E ratio of 60.87, a P/E/G ratio of 1.34 and a beta of 1.67.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, March 31st. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.38. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 326.09%.

Hannon Armstrong Sustainable Infrastructure Capital Company 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.