Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 57.4% during the 4th quarter, Holdings Channel reports. The firm owned 30,286 shares of the real estate investment trust’s stock after selling 40,777 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $813,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 81.2% in the 4th quarter. JPMorgan Chase & Co. now owns 544,699 shares of the real estate investment trust’s stock worth $14,614,000 after acquiring an additional 244,112 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust’s stock worth $355,369,000 after purchasing an additional 156,695 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $620,000. Sei Investments Co. lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 10.3% in the 4th quarter. Sei Investments Co. now owns 281,440 shares of the real estate investment trust’s stock valued at $7,551,000 after buying an additional 26,315 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth about $47,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HASI has been the topic of several research reports. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 target price for the company. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE HASI opened at $29.36 on Friday. The stock has a fifty day simple moving average of $28.45 and a 200-day simple moving average of $30.28. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The stock has a market cap of $3.50 billion, a PE ratio of 18.58, a P/E/G ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $24.00 and a twelve month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). The company had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. Equities analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a $0.42 dividend. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a yield of 5.72%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 106.33%.

Hannon Armstrong Sustainable Infrastructure Capital 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.