Colorado Capital Management Inc. Raises Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Colorado Capital Management Inc. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,662 shares of the real estate investment trust’s stock after acquiring an additional 3,181 shares during the quarter. Hannon Armstrong Sustainable Infrastructure Capital makes up 1.5% of Colorado Capital Management Inc.’s portfolio, making the stock its 26th largest holding. Colorado Capital Management Inc. owned 0.09% of Hannon Armstrong Sustainable Infrastructure Capital worth $2,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HASI. CoreCap Advisors LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $26,000. Chilton Capital Management LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter valued at $29,000. HBC Financial Services PLLC lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 300.0% during the 1st quarter. HBC Financial Services PLLC now owns 1,200 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 900 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter valued at $38,000. Finally, Addison Advisors LLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 191.2% in the 1st quarter. Addison Advisors LLC now owns 1,945 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 1,277 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded down $0.39 during trading on Tuesday, hitting $24.53. 671,055 shares of the company’s stock were exchanged, compared to its average volume of 1,149,074. The company has a debt-to-equity ratio of 1.64, a quick ratio of 20.65 and a current ratio of 20.65. The business has a 50-day simple moving average of $24.16 and a 200-day simple moving average of $25.56. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $19.46 and a 52-week high of $39.67. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 1.25 and a beta of 1.70.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.06. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 19.94% and a return on equity of 10.20%. The firm had revenue of $74.33 million during the quarter, compared to analysts’ expectations of $32.13 million. During the same quarter last year, the company posted $0.60 earnings per share. On average, research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 1.95 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, October 4th will be given a $0.395 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.58 annualized dividend and a dividend yield of 6.44%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 282.15%.

Insider Activity

In related news, insider Jeffrey Eckel bought 2,525 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $19.76 per share, for a total transaction of $49,894.00. Following the completion of the transaction, the insider now directly owns 19,162 shares in the company, valued at $378,641.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Hannon Armstrong Sustainable Infrastructure Capital news, insider Jeffrey Eckel purchased 2,525 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average cost of $19.76 per share, for a total transaction of $49,894.00. Following the completion of the transaction, the insider now owns 19,162 shares of the company’s stock, valued at approximately $378,641.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Charles Melko purchased 2,000 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $21.24 per share, for a total transaction of $42,480.00. Following the completion of the transaction, the chief accounting officer now directly owns 22,563 shares of the company’s stock, valued at approximately $479,238.12. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,025 shares of company stock worth $458,814 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HASI has been the topic of a number of research reports. Bank of America upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, August 15th. Citigroup initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, August 17th. They issued a “neutral” rating and a $24.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $49.00 to $45.00 in a report on Wednesday, July 19th. Finally, StockNews.com assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, August 17th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.