MeadowBrook Investment Advisors LLC Takes $348,000 Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

MeadowBrook Investment Advisors LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,605 shares of the real estate investment trust’s stock, valued at approximately $348,000.

Other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 706.6% during the third quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,074 shares during the period. Global Retirement Partners LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,047 shares in the last quarter. Westside Investment Management Inc. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth $34,000. Addison Advisors LLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 56.7% in the fourth quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 713 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 32.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,306 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 805 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HASI has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target on shares of 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. Bank of America raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Morgan Stanley increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, B. Riley increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI traded up $0.49 during midday trading on Tuesday, reaching $26.55. The company had a trading volume of 104,157 shares, compared to its average volume of 964,635. The stock has a market cap of $3.02 billion, a P/E ratio of 19.46, a P/E/G ratio of 0.99 and a beta of 1.88. The company’s 50 day moving average price is $25.96 and its 200 day moving average price is $24.62. The company has a current ratio of 19.42, a quick ratio of 19.42 and a debt-to-equity ratio of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $13.22 and a 52-week high of $29.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a dividend of $0.415 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.66 annualized dividend and a dividend yield of 6.25%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 123.88%.

Hannon Armstrong Sustainable Infrastructure Capital 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.