Outlook Wealth Advisors LLC Reduces Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Outlook Wealth Advisors LLC trimmed its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 8.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,341 shares of the real estate investment trust’s stock after selling 1,680 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HASI. Vanguard Group Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after purchasing an additional 713,519 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 44.9% during the fourth quarter. Van ECK Associates Corp now owns 1,883,537 shares of the real estate investment trust’s stock worth $51,948,000 after purchasing an additional 583,665 shares during the last quarter. Northern Trust Corp increased its position in shares of 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 worth $32,928,000 after purchasing an additional 117,549 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of 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 in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 19.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,027,913 shares of the real estate investment trust’s stock valued at $28,350,000 after purchasing an additional 166,192 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE HASI traded up $0.54 during trading hours on Friday, hitting $25.96. 768,672 shares of the stock were exchanged, compared to its average volume of 743,564. The company has a quick ratio of 19.42, a current ratio of 19.42 and a debt-to-equity ratio of 1.98. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $13.22 and a 12-month high of $29.88. The stock has a 50-day moving average of $25.96 and a 200 day moving average of $24.18.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced 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. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.39%. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 123.88%.

Analyst Ratings Changes

A number of research firms recently issued reports on HASI. Morgan Stanley raised their price target 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. Mizuho raised 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 research report on Wednesday, January 3rd. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Finally, Bank of America upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.22.

About Hannon Armstrong Sustainable Infrastructure Capital

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.