Principal Financial Group Inc. Decreases Stock Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Principal Financial Group Inc. reduced its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 2.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 560,840 shares of the real estate investment trust’s stock after selling 16,312 shares during the period. Principal Financial Group Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $16,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HASI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,332 shares of the real estate investment trust’s stock worth $1,490,000 after acquiring an additional 4,714 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $90,000. Bailard Inc. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 15.8% during the 2nd quarter. Bailard Inc. now owns 53,518 shares of the real estate investment trust’s stock valued at $1,584,000 after purchasing an additional 7,300 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock valued at $51,161,000 after buying an additional 267,304 shares during the period. Finally, LRI Investments LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth $222,000. 96.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HASI. Oppenheimer reissued an “outperform” rating and issued a $48.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, May 16th. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. TD Cowen boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Morgan Stanley upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 1.0 %

HASI opened at $32.44 on Thursday. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 1.77. The stock’s fifty day moving average is $31.30 and its two-hundred day moving average is $29.28. The company has a market capitalization of $3.70 billion, a P/E ratio of 15.75, a PEG ratio of 1.16 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $13.22 and a 52 week high of $34.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The firm had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. During the same quarter last year, the firm posted $0.53 earnings per share. Analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.32 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 annualized dividend and a dividend yield of 5.12%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 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.