Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Trading Down 6.9%

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report)'s stock price was down 6.9% on Wednesday . The stock traded as low as $26.35 and last traded at $26.37. Approximately 209,873 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 997,739 shares. The stock had previously closed at $28.33.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HASI shares. TheStreet upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a "d+" rating to a "c" rating in a research report on Thursday, February 15th. Bank of America boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. Morgan Stanley lifted their price objective on shares of 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. B. Riley lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $41.00 and gave the stock a "buy" rating in a research note on Monday, February 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.89.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

The company's fifty day simple moving average is $25.69 and its 200-day simple moving average is $23.67. The company has a current ratio of 19.42, a quick ratio of 19.42 and a debt-to-equity ratio of 1.98. The stock has a market cap of $3.02 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be issued a $0.415 dividend. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.66 annualized dividend and a dividend yield of 6.26%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is presently 123.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC increased its stake 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 valued at $26,000 after acquiring an additional 1,074 shares during the last quarter. Chilton Capital Management LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth approximately $29,000. Global Retirement Partners LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,047 shares in the last quarter. Westside Investment Management Inc. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth approximately $34,000. Finally, Lazard Asset Management LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 96.14% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Company 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.