Harrington Investments INC Buys New Shares in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Harrington Investments INC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,530 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HASI. AlphaCrest Capital Management LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 9.5% during the 1st quarter. AlphaCrest Capital Management LLC now owns 8,712 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 754 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 22.7% during the 1st quarter. Natixis Advisors L.P. now owns 12,806 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 2,371 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 54.6% during the 1st quarter. MetLife Investment Management LLC now owns 40,317 shares of the real estate investment trust’s stock valued at $1,912,000 after purchasing an additional 14,237 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 37,622 shares of the real estate investment trust’s stock valued at $1,784,000 after purchasing an additional 1,207 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 7,833,390 shares of the real estate investment trust’s stock valued at $371,538,000 after purchasing an additional 86,269 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HASI has been the subject of several research reports. Cowen cut their price target on Hannon Armstrong Sustainable Infrastructure Capital from $44.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, February 23rd. TheStreet downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “b-” rating to a “c” rating in a report on Thursday, February 16th. StockNews.com initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday. They set a “sell” rating for the company. Morgan Stanley dropped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $58.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 10th. Finally, Bank of America raised Hannon Armstrong Sustainable Infrastructure Capital from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $39.00 to $34.00 in a report on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.71.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI stock traded down $0.03 during midday trading on Friday, reaching $23.88. The company had a trading volume of 2,557,744 shares, compared to its average volume of 844,783. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 51.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.67. The stock has a 50 day moving average price of $32.92 and a 200-day moving average price of $31.65. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.56 and a 1-year high of $49.71. The company has a debt-to-equity ratio of 1.79, a current ratio of 18.57 and a quick ratio of 18.57.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Monday, April 3rd will be paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend is Friday, March 31st. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.38. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 326.09%.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, insider Jeffrey Eckel bought 2,087 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were purchased at an average price of $23.92 per share, for a total transaction of $49,921.04. Following the completion of the transaction, the insider now directly owns 549,894 shares in the company, valued at approximately $13,153,464.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were purchased at an average price of $24.12 per share, for a total transaction of $72,360.00. Following the completion of the transaction, the chief financial officer now directly owns 48,291 shares in the company, valued at approximately $1,164,778.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey Eckel bought 2,087 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was acquired at an average price of $23.92 per share, for a total transaction of $49,921.04. Following the transaction, the insider now owns 549,894 shares of the company’s stock, valued at $13,153,464.48. The disclosure for this purchase can be found here. Insiders purchased a total of 7,087 shares of company stock valued at $170,101 over the last quarter. 3.40% of the stock is owned by corporate insiders.

Hannon Armstrong Sustainable Infrastructure Capital Profile

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Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in the business of investing in climate solutions and the provision of capital to assets developed by companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. It focuses on generating attractive returns from a diversified portfolio of project company investments with long-term, predictable cash flows from proven technologies that reduce carbon emissions or increase resilience to climate change.