Connor Clark & Lunn Investment Management Ltd. Buys 221,735 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 324.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 290,106 shares of the real estate investment trust’s stock after purchasing an additional 221,735 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $7,784,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 15.9% during the third quarter. Crossmark Global Holdings Inc. now owns 15,256 shares of the real estate investment trust’s stock valued at $526,000 after acquiring an additional 2,092 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,603 shares of the real estate investment trust’s stock worth $2,055,000 after purchasing an additional 1,610 shares during the period. Victory Capital Management Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 25,042 shares of the real estate investment trust’s stock valued at $863,000 after purchasing an additional 1,574 shares during the last quarter. Natixis Advisors LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.9% in the third quarter. Natixis Advisors LLC now owns 32,588 shares of the real estate investment trust’s stock worth $1,123,000 after purchasing an additional 597 shares during the last quarter. Finally, SMH Capital Advisors Inc. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $484,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

HASI has been the topic of several recent analyst reports. Wells Fargo & Company assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group cut their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, January 8th. Finally, Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 2.0 %

NYSE:HASI opened at $29.07 on Friday. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $24.00 and a 52 week high of $36.56. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The firm has a 50 day moving average of $28.08 and a 200 day moving average of $30.45.

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). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. As a group, sell-side analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a yield of 5.78%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 106.33%.

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.