Citigroup Inc. trimmed its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 33.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,134 shares of the real estate investment trust’s stock after selling 24,716 shares during the quarter. Citigroup Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at about $38,000. Chilton Capital Management LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at about $29,000. CWM LLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 33.1% in the 2nd quarter. CWM LLC now owns 1,969 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 490 shares during the period. ICA Group Wealth Management LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $63,000. Finally, Harbour Investments Inc. raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 34.3% in the 4th quarter. Harbour Investments Inc. now owns 2,232 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 570 shares during the period. 85.96% of the stock is owned by hedge funds and other institutional investors.
Hannon Armstrong Sustainable Infrastructure Capital Price Performance
Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $25.25 on Thursday. The company has a quick ratio of 19.42, a current ratio of 19.42 and a debt-to-equity ratio of 1.98. The company has a market cap of $2.84 billion, a PE ratio of 18.84, a P/E/G ratio of 1.09 and a beta of 1.88. The business has a 50 day moving average of $25.10 and a 200 day moving average of $22.92. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $13.22 and a 52 week high of $31.63.
Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 117.91%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. TheStreet upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. B. Riley boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, February 5th. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Mizuho boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, The Goldman Sachs Group upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.44.
Check Out Our Latest Research Report on HASI
Hannon Armstrong Sustainable Infrastructure Capital 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 building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.
See Also
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