Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. raised its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the real estate investment trust’s stock after acquiring an additional 5,000 shares during the quarter. Nicola Wealth Management LTD. owned approximately 0.08% of Hannon Armstrong Sustainable Infrastructure Capital worth $2,683,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,104,764 shares of the real estate investment trust’s stock valued at $29,641,000 after acquiring an additional 11,250 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 216.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,245 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 4,953 shares in the last quarter. Modera Wealth Management LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $237,000. Smartleaf Asset Management LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 439 shares in the last quarter. Finally, Williamson Legacy Group LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $752,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI stock opened at $27.78 on Tuesday. The business has a 50 day moving average price of $27.80 and a 200 day moving average price of $30.67. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.06 and a beta of 1.95. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $24.00 and a fifty-two 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.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The firm had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $25.93 million. Equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be paid a $0.42 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a yield of 6.05%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 106.33%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HASI. Bank of America began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective for the company. Citigroup upgraded 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 research note on Wednesday, January 8th. Wells Fargo & Company began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price objective for the company. Truist Financial began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.71.

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.