Apollon Wealth Management LLC Sells 26,098 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Apollon Wealth Management LLC lessened its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 77.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,471 shares of the real estate investment trust’s stock after selling 26,098 shares during the period. Apollon Wealth Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $258,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Macroview Investment Management LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $31,000. Plato Investment Management Ltd acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth approximately $49,000. Covestor Ltd raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 530 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at $69,000. Finally, Addison Advisors LLC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 580 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HASI shares. Mizuho raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Royal Bank of Canada began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price on the stock. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Jefferies Financial Group began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus target price of $39.83.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CFO Marc T. Pangburn bought 3,500 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the acquisition, the chief financial officer now owns 56,791 shares of the company’s stock, valued at $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI stock opened at $27.20 on Tuesday. The company’s 50-day moving average price is $33.56 and its two-hundred day moving average price is $32.10. The firm has a market cap of $3.23 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.02 and a beta of 1.98. The company has a quick ratio of 13.27, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.77 and a 12 month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 6.10%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 93.26%.

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.