Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Stock Position Lowered by Perigon Wealth Management LLC

Perigon Wealth Management LLC trimmed its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,361 shares of the real estate investment trust’s stock after selling 1,387 shares during the period. Perigon Wealth Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $855,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HASI. Legend Financial Advisors Inc. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $27,000. Blue Trust Inc. boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 394 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $73,000. Finally, Covestor Ltd lifted its position 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 worth $77,000 after buying an additional 530 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE:HASI opened at $28.69 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The company has a 50-day moving average of $28.49 and a 200-day moving average of $31.17. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $22.59 and a 52 week high of $36.56. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.00 and a beta of 1.94.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HASI shares. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. The Goldman Sachs Group dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Finally, Citigroup upgraded 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 research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of $28.71 per share, with a total value of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital 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.