Swiss National Bank Has $7.68 Million Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Swiss National Bank reduced its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 222,734 shares of the real estate investment trust’s stock after selling 1,100 shares during the quarter. Swiss National Bank’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $7,678,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after acquiring an additional 257,233 shares during the period. Tidal Investments LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 48.0% in the first quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock valued at $2,321,000 after buying an additional 26,508 shares during the period. Abundance Wealth Counselors acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $1,110,000. Harbor Capital Advisors Inc. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $1,742,000. Finally, Oppenheimer & Co. Inc. lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after buying an additional 27,529 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HASI. Royal Bank of Canada began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target on the stock. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Robert W. Baird boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Morgan Stanley upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and an average price target of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 4.9 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $30.43 on Tuesday. The stock has a fifty day simple moving average of $33.01 and a 200 day simple moving average of $32.15. 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 market capitalization of $3.61 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.09 and a beta of 1.98. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a dividend of $0.415 per share. The ex-dividend date is Monday, December 30th. This represents a $1.66 annualized dividend and a yield of 5.46%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 93.26%.

Insider Buying and Selling

In related news, CFO Marc T. Pangburn purchased 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the acquisition, the chief financial officer now owns 56,791 shares of the company’s stock, valued at $1,630,469.61. This represents a 6.57 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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.