Cambridge Investment Research Advisors Inc. Reduces Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Cambridge Investment Research Advisors Inc. reduced its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) by 26.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,013 shares of the real estate investment trust’s stock after selling 11,236 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaCrest Capital Management LLC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 9.5% in the 1st quarter. AlphaCrest Capital Management LLC now owns 8,712 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 754 shares during the period. Natixis Advisors L.P. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 22.7% during the 1st quarter. Natixis Advisors L.P. now owns 12,806 shares of the real estate investment trust’s stock worth $607,000 after purchasing an additional 2,371 shares during the period. MetLife Investment Management LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 54.6% during the 1st quarter. MetLife Investment Management LLC now owns 40,317 shares of the real estate investment trust’s stock worth $1,912,000 after purchasing an additional 14,237 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 37,622 shares of the real estate investment trust’s stock worth $1,784,000 after purchasing an additional 1,207 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 7,833,390 shares of the real estate investment trust’s stock worth $371,538,000 after purchasing an additional 86,269 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. 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 research report on Friday, February 17th. Oppenheimer reduced their target price 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 note on Friday, February 17th. Cowen reduced their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $44.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, February 23rd. Bank of America raised Hannon Armstrong Sustainable Infrastructure Capital from an “underperform” rating to a “neutral” rating and reduced their price target for the company from $39.00 to $34.00 in a report on Tuesday, January 24th. Finally, TheStreet cut Hannon Armstrong Sustainable Infrastructure Capital from a “b-” rating to a “c” rating in a report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Hold” and an average target price of $43.71.

Insider Buying and Selling

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was bought at an average price of $24.12 per share, for a total transaction of $72,360.00. Following the completion of the transaction, the chief financial officer now owns 48,291 shares in the company, valued at approximately $1,164,778.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Susan D. Nickey purchased 2,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was bought at an average cost of $23.91 per share, with a total value of $47,820.00. Following the completion of the acquisition, the executive vice president now directly owns 58,245 shares in the company, valued at approximately $1,392,637.95. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Marc T. Pangburn acquired 3,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was purchased at an average cost of $24.12 per share, with a total value of $72,360.00. Following the transaction, the chief financial officer now owns 48,291 shares of the company’s stock, valued at $1,164,778.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 7,087 shares of company stock valued at $170,101. 3.40% of the stock is owned by insiders.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $25.61 on Friday. The stock has a fifty day moving average price of $26.81 and a 200 day moving average price of $30.26. The stock has a market cap of $2.35 billion, a PE ratio of 121.96, a P/E/G ratio of 1.43 and a beta of 1.68. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.56 and a 1 year high of $46.24. The company has a debt-to-equity ratio of 2.03, a quick ratio of 18.35 and a current ratio of 18.35.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Wednesday, July 5th will be issued a dividend of $0.395 per share. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.58 annualized dividend and a yield of 6.17%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 752.42%.

About Hannon Armstrong Sustainable Infrastructure Capital

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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.