Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) CFO Acquires $72,360.00 in Stock

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) CFO Marc T. Pangburn acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was bought at an average price of $24.12 per share, with a total value of $72,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,291 shares of the company’s stock, valued at $1,164,778.92. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI stock opened at $23.88 on Friday. The stock has a market capitalization of $2.17 billion, a PE ratio of 51.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.67. The company’s 50-day moving average is $32.92 and its 200-day moving average is $31.65. The company has a debt-to-equity ratio of 1.79, a current ratio of 18.57 and a quick ratio of 18.57. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.56 and a 1 year high of $49.71.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently disclosed 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 6.62%. The ex-dividend date is Friday, March 31st. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.38. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 326.09%.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Prospera Financial Services Inc boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.1% during the 2nd quarter. Prospera Financial Services Inc now owns 1,658 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 254 shares in the last quarter. Amalgamated Bank lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.6% in the 4th quarter. Amalgamated Bank now owns 11,481 shares of the real estate investment trust’s stock valued at $333,000 after acquiring an additional 290 shares in the last quarter. Legal & General Group Plc lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 0.4% in the 4th quarter. Legal & General Group Plc now owns 75,281 shares of the real estate investment trust’s stock valued at $2,182,000 after acquiring an additional 304 shares in the last quarter. Creative Planning lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.2% in the 4th quarter. Creative Planning now owns 12,886 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 394 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.2% in the 3rd quarter. Congress Asset Management Co. MA now owns 33,456 shares of the real estate investment trust’s stock valued at $1,001,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HASI shares. Bank of America raised shares of Hannon Armstrong Sustainable Infrastructure Capital from an “underperform” rating to a “neutral” rating and cut their price target for the company from $39.00 to $34.00 in a research report on Tuesday, January 24th. TheStreet cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “b-” rating to a “c” rating in a research report on Thursday, February 16th. JPMorgan Chase & Co. cut their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday, February 17th. Oppenheimer cut their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, February 17th. Finally, Morgan Stanley cut their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $58.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.71.

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.