Spouting Rock Asset Management LLC Has $2.51 Million Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Spouting Rock Asset Management LLC reduced its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASIGet Rating) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,164 shares of the real estate investment trust’s stock after selling 6,833 shares during the period. Hannon Armstrong Sustainable Infrastructure Capital makes up about 2.0% of Spouting Rock Asset Management LLC’s portfolio, making the stock its 25th biggest holding. Spouting Rock Asset Management LLC owned approximately 0.06% of Hannon Armstrong Sustainable Infrastructure Capital worth $2,505,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HASI. CWM LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at about $28,000. Huntington National Bank acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth approximately $31,000. Trust Co. of Vermont purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $80,000. Cubist Systematic Strategies LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $90,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at $115,000. Institutional investors own 77.94% of the company’s stock.

HASI stock traded down $1.02 during trading on Thursday, hitting $35.15. 1,908,438 shares of the company traded hands, compared to its average volume of 819,991. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $33.61 and a 1 year high of $65.74. The company has a debt-to-equity ratio of 1.59, a quick ratio of 18.82 and a current ratio of 18.82. The firm has a market capitalization of $3.10 billion, a PE ratio of 26.21, a P/E/G ratio of 2.22 and a beta of 1.82. The company has a 50-day moving average of $44.20 and a 200-day moving average of $48.62.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASIGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 10.81% and a net margin of 54.97%. During the same period in the prior year, the company earned $0.37 earnings per share. Sell-side analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 1.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 12th. Stockholders of record on Tuesday, July 5th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Friday, July 1st. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 108.70%.

Several equities research analysts have recently commented on HASI shares. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. B. Riley upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, April 22nd. Morgan Stanley cut their price target on Hannon Armstrong Sustainable Infrastructure Capital from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 20th. Zacks Investment Research raised Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Monday, February 21st. Finally, Oppenheimer reiterated a “buy” rating and set a $72.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, January 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $60.71.

In related news, EVP Marc T. Pangburn sold 4,700 shares of the stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $43.27, for a total transaction of $203,369.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.40% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile (Get Rating)

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

See Also

Institutional Ownership by Quarter for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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