Principal Financial Group Inc. Sells 12,120 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Principal Financial Group Inc. reduced its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 2.2% during the third quarter, Holdings Channel.com reports. The firm owned 548,720 shares of the real estate investment trust’s stock after selling 12,120 shares during the period. Principal Financial Group Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $18,914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Affirmative Financial Network boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.0% during the third quarter. First Affirmative Financial Network now owns 8,129 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 384 shares during the period. AQR Capital Management LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 24,262 shares of the real estate investment trust’s stock worth $718,000 after buying an additional 392 shares during the period. Los Angeles Capital Management LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 8,082 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 401 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 29,138 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 432 shares during the period. Finally, Harrington Investments INC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.8% during the second quarter. Harrington Investments INC now owns 12,324 shares of the real estate investment trust’s stock valued at $365,000 after acquiring an additional 450 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of the stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of $28.71 per share, with a total value of $100,485.00. Following the completion of the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at $1,630,469.61. This trade represents a 6.57 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.7 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.54 on Friday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.77 and a 12 month high of $36.56. The company has a current ratio of 13.55, a quick ratio of 13.27 and a debt-to-equity ratio of 1.78. The business’s fifty day simple moving average is $33.77 and its two-hundred day simple moving average is $32.02. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.00 and a beta of 1.98.

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 given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 6.03%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 93.26%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HASI. Citigroup lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday. Mizuho upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and a consensus price target of $39.83.

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.