Pathstone Holdings LLC Sells 976 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Pathstone Holdings LLC lowered its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,971 shares of the real estate investment trust’s stock after selling 976 shares during the period. Pathstone Holdings LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $3,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the 2nd quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock valued at $119,012,000 after buying an additional 257,233 shares during the last quarter. Tidal Investments LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 48.0% during the first quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock valued at $2,321,000 after acquiring an additional 26,508 shares during the last quarter. Abundance Wealth Counselors bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth $1,110,000. Harbor Capital Advisors Inc. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth $1,742,000. Finally, Oppenheimer & Co. Inc. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after purchasing an additional 27,529 shares during the period. 96.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on HASI shares. Morgan Stanley lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Jefferies Financial Group assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 target price for the company. The Goldman Sachs Group upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Citigroup boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Moderate Buy” and an average target price of $39.83.

Insider Buying and Selling

In related news, CFO Marc T. Pangburn acquired 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the transaction, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $29.01 on Monday. The company has a 50 day moving average of $33.01 and a 200 day moving average of $32.13. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The stock has a market cap of $3.44 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.07 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.77 and a 12 month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders 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 dividend yield of 5.72%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 93.26%.

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.