Millstone Evans Group LLC Takes $47,000 Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Millstone Evans Group LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,750 shares of the real estate investment trust’s stock, valued at approximately $47,000.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after purchasing an additional 89,126 shares during the period. Pallas Capital Advisors LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $2,451,000. Harbor Capital Advisors Inc. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock valued at $1,932,000 after purchasing an additional 21,446 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 23.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 36,208 shares of the real estate investment trust’s stock valued at $986,000 after buying an additional 6,990 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $5,616,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HASI shares. Wells Fargo & Company started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price target for the company. The Goldman Sachs Group lowered 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 research note on Tuesday, December 17th. Bank of America started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Truist Financial began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.3 %

Shares of HASI stock opened at $29.30 on Monday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $24.00 and a 12 month high of $36.56. The firm has a market cap of $3.49 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. The stock has a 50 day moving average of $28.29 and a 200-day moving average of $30.34. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. On average, equities analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.73%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 106.33%.

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.