GAMMA Investing LLC Sells 813 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

GAMMA Investing LLC lowered its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 15.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,443 shares of the real estate investment trust’s stock after selling 813 shares during the quarter. GAMMA Investing LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $119,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Erste Asset Management GmbH purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $73,622,000. Encompass Capital Advisors LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at $18,759,000. Wellington Management Group LLP lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after acquiring an additional 491,585 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 68.6% in the third quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust’s stock worth $31,487,000 after acquiring an additional 371,593 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 26.7% in the second quarter. Hood River Capital Management LLC now owns 988,135 shares of the real estate investment trust’s stock valued at $29,249,000 after acquiring an additional 208,303 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

HASI has been the subject of a number of research reports. Robert W. Baird upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. The Goldman Sachs Group decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Bank of America initiated coverage on 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. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Finally, StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued 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 a consensus rating of “Moderate Buy” and an average price target of $40.50.

Insider Buying and Selling

In related news, CFO Marc T. Pangburn bought 3,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of $28.71 per share, with a total value of $100,485.00. Following the completion of the purchase, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.4 %

NYSE HASI opened at $27.52 on Friday. The stock’s 50 day moving average is $29.33 and its 200 day moving average is $31.43. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $3.26 billion, a PE ratio of 15.46, a P/E/G ratio of 1.21 and a beta of 1.94. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.77 and a twelve month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 93.26%.

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.