Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Stake Increased by Van ECK Associates Corp

Van ECK Associates Corp increased its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 44.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,883,537 shares of the real estate investment trust's stock after acquiring an additional 583,665 shares during the period. Van ECK Associates Corp owned approximately 1.69% of Hannon Armstrong Sustainable Infrastructure Capital worth $51,948,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 18.4% during the third quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust's stock worth $252,378,000 after buying an additional 1,847,577 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 146.3% in the third quarter. Bank of New York Mellon Corp now owns 1,016,525 shares of the real estate investment trust's stock worth $21,550,000 after acquiring an additional 603,743 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5,098.0% in the third quarter. Principal Financial Group Inc. now owns 576,302 shares of the real estate investment trust's stock valued at $12,218,000 after purchasing an additional 565,215 shares during the period. Mizuho Markets Americas LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth approximately $10,217,000. Finally, Mesirow Institutional Investment Management Inc. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth approximately $9,968,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HASI shares. Bank of America upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, March 13th. B. Riley raised their target price 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, April 22nd. 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. The Goldman Sachs Group increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, February 16th. Finally, TheStreet upgraded Hannon Armstrong Sustainable Infrastructure Capital from a "d+" rating to a "c" rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given 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.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 2.0 %

HASI stock traded down $0.50 during trading on Tuesday, reaching $25.00. The stock had a trading volume of 1,065,281 shares, compared to its average volume of 975,579. 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 firm has a fifty day moving average price of $25.92 and a 200 day moving average price of $24.41. The company has a market capitalization of $2.84 billion, a P/E ratio of 18.66, a PEG ratio of 0.99 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $13.22 and a 1-year high of $29.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders 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 yield of 6.64%. 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. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 123.88%.

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.