Kestra Investment Management LLC Reduces Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Kestra Investment Management LLC trimmed its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,443 shares of the real estate investment trust’s stock after selling 3,445 shares during the period. Kestra Investment Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after purchasing an additional 491,585 shares during the period. State Street Corp lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock worth $152,575,000 after purchasing an additional 42,762 shares during the period. Geode Capital Management LLC lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock worth $90,912,000 after purchasing an additional 53,799 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth about $73,622,000. Finally, Vontobel Holding Ltd. lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.2% in the 4th quarter. Vontobel Holding Ltd. now owns 1,426,174 shares of the real estate investment trust’s stock worth $38,264,000 after purchasing an additional 83,106 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $29.14 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $24.00 and a 1-year high of $36.56. The company has a market capitalization of $3.45 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.06 and a beta of 1.95. The firm’s 50 day simple moving average is $27.80 and its two-hundred day simple moving average is $30.79.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 59.56% and a return on equity of 11.53%. The firm had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. Research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.2 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 5.77%. The ex-dividend date is Friday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group lowered their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Truist Financial started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 price target for the company. Finally, Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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.