Federated Hermes Inc. Has $9.57 Million Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Federated Hermes Inc. lowered its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 13.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,207 shares of the real estate investment trust’s stock after selling 49,621 shares during the quarter. Federated Hermes Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $9,567,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 161.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 177,104 shares of the real estate investment trust’s stock worth $4,885,000 after purchasing an additional 109,265 shares in the last quarter. Norges Bank bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $24,660,000. BNP Paribas Financial Markets grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 101.1% during the 4th quarter. BNP Paribas Financial Markets now owns 92,581 shares of the real estate investment trust’s stock worth $2,553,000 after acquiring an additional 46,550 shares during the last quarter. Swedbank AB grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the 2nd quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after acquiring an additional 257,233 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,010,904 shares of the real estate investment trust’s stock worth $27,881,000 after acquiring an additional 89,164 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI opened at $35.25 on Wednesday. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.25 and a beta of 1.98. The firm’s 50 day simple moving average is $32.12 and its 200 day simple moving average is $29.84. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $13.22 and a fifty-two week high of $35.36.

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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $94.52 million for the quarter, compared to the consensus estimate of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same period last year, the company posted $0.53 EPS. As a group, sell-side analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.24 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a $0.415 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.71%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 80.58%.

Analyst Upgrades and Downgrades

HASI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Jefferies Financial Group initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price objective on the stock. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Tuesday, June 25th. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and a consensus target price of $37.67.

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.