Van ECK Associates Corp Has $51.95 Million Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Van ECK Associates Corp lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 44.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,883,537 shares of the real estate investment trust’s stock after purchasing an additional 583,665 shares during the quarter. Van ECK Associates Corp’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $51,948,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 18.4% during 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 buying an additional 1,847,577 shares during the period. Northern Trust Corp lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 8.2% during 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 purchasing an additional 117,549 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.5% during the fourth quarter. Vontobel Holding Ltd. now owns 1,517,987 shares of the real estate investment trust’s stock worth $41,866,000 after purchasing an additional 64,915 shares during the period. Bank of New York Mellon Corp increased its stake in shares of 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 worth $21,550,000 after purchasing an additional 603,743 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 10.7% in the third quarter. William Blair Investment Management LLC now owns 1,011,950 shares of the real estate investment trust’s stock valued at $21,453,000 after purchasing an additional 97,933 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.9 %

NYSE:HASI traded down $0.24 on Tuesday, reaching $25.26. 293,106 shares of the stock traded hands, compared to its average volume of 966,105. The company’s fifty day simple moving average is $25.94 and its 200 day simple moving average is $24.35. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $13.22 and a 12 month high of $29.88. The company has a current ratio of 19.42, a quick ratio of 19.42 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 0.99 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. Shareholders of record on Friday, April 5th were issued a dividend of $0.415 per share. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date was Thursday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 123.88%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HASI. Mizuho upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Bank of America upped 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. The Goldman Sachs Group lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. TheStreet upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. Finally, StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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.