Encompass Capital Advisors LLC Makes New Investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Encompass Capital Advisors LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 633,736 shares of the real estate investment trust’s stock, valued at approximately $18,759,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Swedbank AB bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter valued at about $106,881,000. Norges Bank bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at approximately $24,660,000. Vanguard Group Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock worth $348,009,000 after purchasing an additional 713,519 shares during the last quarter. Bank of New York Mellon Corp grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 18.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock worth $51,161,000 after purchasing an additional 267,304 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 38.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 837,163 shares of the real estate investment trust’s stock valued at $23,775,000 after buying an additional 232,351 shares during the period. 96.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. B. Riley upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target for the company. Mizuho raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI opened at $33.81 on Thursday. The company has a 50 day simple moving average of $32.48 and a two-hundred day simple moving average of $30.20. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. The firm has a market cap of $3.86 billion, a P/E ratio of 16.41, a PEG ratio of 1.30 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $13.22 and a 1-year high of $36.15.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The company had revenue of $94.52 million during the quarter, compared to the consensus estimate of $30.97 million. During the same quarter in the prior year, the firm posted $0.53 EPS. Equities analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 80.58%.

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.