Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Truvestments Capital LLC

Truvestments Capital LLC cut its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 92.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 843 shares of the real estate investment trust’s stock after selling 10,930 shares during the period. Truvestments Capital LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $29,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Macroview Investment Management LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth $31,000. Plato Investment Management Ltd acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the first quarter worth about $49,000. Point72 Hong Kong Ltd acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth about $69,000. Covestor Ltd increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 530 shares during the period. Finally, Addison Advisors LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 580 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HASI has been the subject of several recent analyst reports. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Robert W. Baird lifted 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 report on Friday, September 27th. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. The Goldman Sachs Group raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday. They issued a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.58.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

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 cost 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 in the company, valued at $1,630,469.61. This trade represents a 6.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by insiders.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 3.1 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $31.27 on Friday. The company has a 50 day moving average price of $32.75 and a 200 day moving average price of $32.11. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.77 and a 52 week high of $36.56. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.14 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.415 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.31%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 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.