US Bancorp DE Sells 813 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

US Bancorp DE reduced its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 7.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,442 shares of the real estate investment trust’s stock after selling 813 shares during the quarter. US Bancorp DE’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the first quarter valued at about $106,881,000. Encompass Capital Advisors LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $18,759,000. Bank of New York Mellon Corp increased its position 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 worth $51,161,000 after purchasing an additional 267,304 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 38.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 837,163 shares of the real estate investment trust’s stock worth $23,775,000 after purchasing an additional 232,351 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 26.7% in the 2nd 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 purchasing an additional 208,303 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price target for the company. The Goldman Sachs Group upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Jefferies Financial Group initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target on the stock. Citigroup boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 7.8 %

Shares of NYSE HASI opened at $26.89 on Wednesday. The company’s 50 day moving average price is $33.87 and its 200-day moving average price is $32.05. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $18.72 and a 52-week high of $36.56. The company has a market capitalization of $3.13 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.07 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.66 annualized dividend and a yield of 6.17%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the acquisition, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

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.