AGF Management Ltd. Makes New Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

AGF Management Ltd. acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 622,586 shares of the real estate investment trust's stock, valued at approximately $17,171,000. AGF Management Ltd. owned about 0.56% of Hannon Armstrong Sustainable Infrastructure Capital at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Manchester Capital Management LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 706.6% in the third quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 1,074 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of 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 valued at $30,000 after purchasing an additional 1,047 shares in the last quarter. Westside Investment Management Inc. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $34,000. Addison Advisors LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 56.7% during the 4th quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 713 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 32.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,306 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 805 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.5 %

Shares of HASI traded down $0.49 during mid-day trading on Friday, hitting $32.08. 1,743,853 shares of the company's stock were exchanged, compared to its average volume of 1,092,099. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.24 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $13.22 and a fifty-two week high of $32.74. The company has a debt-to-equity ratio of 1.87, a quick ratio of 19.42 and a current ratio of 15.60. The stock's 50-day moving average is $26.36 and its 200-day moving average is $24.93.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, July 3rd will be issued a $0.415 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.66 annualized dividend and a yield of 5.17%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 80.58%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. B. Riley upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, April 22nd. 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. The Goldman Sachs Group increased 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 note on Friday, February 16th. Finally, Bank of America lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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