Truist Financial Corp lessened its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 35.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,018 shares of the real estate investment trust’s stock after selling 10,560 shares during the quarter. Truist Financial Corp’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $525,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 146.3% during the third quarter. Bank of New York Mellon Corp now owns 1,016,525 shares of the real estate investment trust’s stock valued at $21,550,000 after buying an additional 603,743 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at $2,287,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 4.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,694 shares of the real estate investment trust’s stock worth $799,000 after purchasing an additional 1,537 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at about $675,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 32.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,306 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 805 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on HASI. TheStreet upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. The Goldman Sachs Group raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Morgan Stanley upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Finally, B. Riley lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.36.
Read Our Latest Stock Report on Hannon Armstrong Sustainable Infrastructure Capital
Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.3 %
Shares of NYSE HASI opened at $31.87 on Friday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $13.22 and a 1 year high of $32.90. The firm has a 50-day simple moving average of $26.89 and a two-hundred day simple moving average of $25.29. The company has a market cap of $3.63 billion, a P/E ratio of 15.47, a PEG ratio of 1.22 and a beta of 1.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 15.60 and a quick ratio of 15.61.
Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date is Wednesday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 80.58%.
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.
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