Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Director Purchases $10,075.80 in Stock

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Director Clarence D. Armbrister acquired 420 shares of the business’s stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $23.99 per share, for a total transaction of $10,075.80. Following the transaction, the director now directly owns 420 shares of the company’s stock, valued at $10,075.80. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 3.9 %

Shares of HASI traded up $0.90 during midday trading on Monday, reaching $24.24. 1,510,449 shares of the stock were exchanged, compared to its average volume of 1,342,708. The company has a market capitalization of $2.70 billion, a P/E ratio of 63.08, a PEG ratio of 1.10 and a beta of 1.76. The company has a current ratio of 19.73, a quick ratio of 19.73 and a debt-to-equity ratio of 1.74. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $13.22 and a 52 week high of $39.67. The company’s 50 day moving average is $19.86 and its two-hundred day moving average is $22.97.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 6.52%. The ex-dividend date of this dividend is Thursday, December 28th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 415.79%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Bank of America upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, August 15th. Morgan Stanley upgraded Hannon Armstrong Sustainable Infrastructure Capital from an “equal weight” rating to an “overweight” rating and set a $23.00 price target on the stock in a report on Tuesday, October 17th. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Citigroup began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, August 17th. They issued a “neutral” rating and a $24.00 target price on the stock. Finally, TheStreet downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “c-” rating to a “d+” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.13.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 706.6% in the 3rd quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,074 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth $29,000. HBC Financial Services PLLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 300.0% in the first quarter. HBC Financial Services PLLC now owns 1,200 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 900 shares during the last quarter. Hall Laurie J Trustee boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 134.9% in the second quarter. Hall Laurie J Trustee now owns 1,393 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 800 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth about $38,000. Hedge funds and other institutional investors own 85.96% of the company’s stock.

About Hannon Armstrong Sustainable Infrastructure Capital

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.