Federated Hermes Inc. Sells 184,818 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Federated Hermes Inc. lessened its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 432,338 shares of the real estate investment trust's stock after selling 184,818 shares during the period. Federated Hermes Inc. owned approximately 0.39% of Hannon Armstrong Sustainable Infrastructure Capital worth $11,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 83.4% in the 3rd quarter. CWM LLC now owns 3,611 shares of the real estate investment trust's stock valued at $77,000 after purchasing an additional 1,642 shares during the last quarter. DnB Asset Management AS increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 37.2% in the 3rd quarter. DnB Asset Management AS now owns 14,875 shares of the real estate investment trust's stock valued at $315,000 after acquiring an additional 4,030 shares during the period. State of Alaska Department of Revenue acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $1,414,000. Everence Capital Management Inc. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $236,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 61.7% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 48,316 shares of the real estate investment trust's stock valued at $1,024,000 after acquiring an additional 18,444 shares during the period. Institutional investors own 96.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HASI. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Wednesday, March 20th. TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "d+" rating to a "c" rating in a research note on Thursday, February 15th. 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 company a "neutral" rating in a research note on Friday, February 16th. B. Riley raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Monday. Finally, Morgan Stanley raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE:HASI traded up $0.32 during mid-day trading on Wednesday, hitting $25.94. 771,930 shares of the stock traded hands, compared to its average volume of 983,012. The business's 50-day moving average price is $25.94 and its 200 day moving average price is $24.08. The company has a market cap of $2.95 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 0.96 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 company has a quick ratio of 19.42, a current ratio of 19.42 and a debt-to-equity ratio of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a dividend of $0.415 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a yield of 6.40%. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is presently 123.88%.

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.