Hartline Investment Corp Sells 982 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Hartline Investment Corp cut its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,056 shares of the real estate investment trust’s stock after selling 982 shares during the period. Hartline Investment Corp’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HASI. Vanguard Group Inc. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 18.4% in the third quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust’s stock valued at $252,378,000 after acquiring an additional 1,847,577 shares in the last quarter. Northern Trust Corp boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 8.2% in the third quarter. Northern Trust Corp now owns 1,553,220 shares of the real estate investment trust’s stock valued at $32,928,000 after acquiring an additional 117,549 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 4.5% in the fourth quarter. Vontobel Holding Ltd. now owns 1,517,987 shares of the real estate investment trust’s stock valued at $41,866,000 after acquiring an additional 64,915 shares in the last quarter. Van ECK Associates Corp boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2.2% in the third quarter. Van ECK Associates Corp now owns 1,299,872 shares of the real estate investment trust’s stock valued at $27,557,000 after acquiring an additional 28,051 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 146.3% in 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 acquiring an additional 603,743 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded up $0.32 during trading on Wednesday, hitting $25.94. 772,032 shares of the company’s stock were exchanged, compared to its average volume of 983,012. The company has a debt-to-equity ratio of 1.98, a quick ratio of 19.42 and a current ratio of 19.42. The business has a 50-day simple moving average of $25.94 and a 200-day simple moving average of $24.08. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $13.22 and a 52-week high of $29.88. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.96 and a beta of 1.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 123.88%.

Analyst Ratings Changes

Several equities research analysts have weighed in on HASI shares. TheStreet upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. Morgan Stanley raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. B. Riley raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, Bank of America raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average target price of $32.22.

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.