Mainstay Capital Management LLC ADV increased its position in Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,485 shares of the real estate investment trust’s stock after purchasing an additional 2,350 shares during the quarter. Hannon Armstrong Sustnbl Infrstr Cap accounts for 0.6% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 13th largest position. Mainstay Capital Management LLC ADV owned 0.12% of Hannon Armstrong Sustnbl Infrstr Cap worth $2,590,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in HASI. Point72 Asset Management L.P. acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap during the second quarter worth approximately $28,000. Financial Advantage Inc. acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap during the third quarter worth $36,000. Catalyst Capital Advisors LLC acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap during the third quarter worth $70,000. Quest Capital Management Inc. ADV acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 3rd quarter valued at $81,000. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 3rd quarter valued at $109,000. Institutional investors and hedge funds own 74.45% of the company’s stock.
NYSE HASI opened at $33.59 on Tuesday. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 48.68, a P/E/G ratio of 9.53 and a beta of 1.03. Hannon Armstrong Sustnbl Infrstr Cap Inc has a 52 week low of $22.01 and a 52 week high of $33.94. The business has a 50 day moving average price of $31.65 and a 200-day moving average price of $29.19. The company has a quick ratio of 29.13, a current ratio of 29.13 and a debt-to-equity ratio of 1.54.
The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a $0.335 dividend. The ex-dividend date was Tuesday, December 24th. This represents a $1.34 annualized dividend and a dividend yield of 3.99%. Hannon Armstrong Sustnbl Infrstr Cap’s payout ratio is presently 112.61%.
Several analysts have weighed in on the company. Zacks Investment Research cut Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. ValuEngine downgraded Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Hannon Armstrong Sustnbl Infrstr Cap currently has a consensus rating of “Buy” and a consensus target price of $31.25.
In related news, Director Michael T. Eckhart bought 1,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average cost of $28.76 per share, for a total transaction of $28,760.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $28,760. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nathaniel Rose sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $29.42, for a total value of $353,040.00. Following the sale, the executive vice president now directly owns 254,816 shares in the company, valued at $7,496,686.72. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 2,057 shares of company stock worth $59,504. 3.60% of the stock is currently owned by corporate insiders.
Hannon Armstrong Sustnbl Infrstr Cap 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 energy efficiency projects that reduce a building's or facility's energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.
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