Hsbc Holdings PLC Increases Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Hsbc Holdings PLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 57,969 shares of the real estate investment trust’s stock after buying an additional 2,387 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Hannon Armstrong Sustainable Infrastructure Capital worth $1,714,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Macroview Investment Management LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $31,000. Scarborough Advisors LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $40,000. Plato Investment Management Ltd purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter worth about $49,000. Addison Advisors LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 580 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at about $90,000. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.8 %

NYSE:HASI opened at $33.54 on Friday. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.30 and a beta of 1.98. 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 company’s 50 day moving average price is $32.52 and its 200-day moving average price is $30.22. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52 week low of $13.22 and a 52 week 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 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 business had revenue of $94.52 million for the quarter, compared to the consensus estimate of $30.97 million. During the same period last year, the business posted $0.53 EPS. On average, equities research 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. Shareholders of record on Friday, October 4th will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 80.58%.

Analyst Upgrades and Downgrades

Several analysts have commented on HASI shares. Jefferies Financial Group assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price objective for the company. Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price for the company. Morgan Stanley upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. B. Riley raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Finally, The Goldman Sachs Group upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Two 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’s stock. According to MarketBeat.com, the company presently 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.