PFG Investments LLC Sells 12,882 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

PFG Investments LLC lowered its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 226,677 shares of the real estate investment trust’s stock after selling 12,882 shares during the quarter. PFG Investments LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $6,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of HASI. Legend Financial Advisors Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth $27,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth $60,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth $73,000. Covestor Ltd grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 530 shares during the period. Finally, Trust Co. of Vermont grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 106.7% in the third quarter. Trust Co. of Vermont now owns 3,100 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 1,600 shares during the period. Institutional investors own 96.14% of the company’s stock.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn purchased 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average cost of $28.71 per share, with a total value of $100,485.00. Following the completion of the purchase, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HASI shares. JPMorgan Chase & Co. cut their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. The Goldman Sachs Group cut their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 price target for the company. Finally, Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.25.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.26 on Monday. The stock’s 50-day simple moving average is $28.48 and its 200-day simple moving average is $31.27. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $22.59 and a 52 week high of $36.56. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.00 and a beta of 1.94. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 93.26%.

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.