William Blair Investment Management LLC Lowers Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

William Blair Investment Management LLC trimmed its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 3.0% in the first quarter, HoldingsChannel.com reports. The fund owned 19,062 shares of the real estate investment trust’s stock after selling 592 shares during the period. William Blair Investment Management LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 10.9% during the 1st quarter. ProShare Advisors LLC now owns 22,179 shares of the real estate investment trust’s stock valued at $630,000 after acquiring an additional 2,180 shares during the period. Russell Investments Group Ltd. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5.1% during the 1st quarter. Russell Investments Group Ltd. now owns 406,734 shares of the real estate investment trust’s stock valued at $11,551,000 after acquiring an additional 19,758 shares during the period. Capital Square LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at about $263,000. Swiss National Bank raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.8% in the 1st quarter. Swiss National Bank now owns 219,434 shares of the real estate investment trust’s stock valued at $6,232,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Avalon Trust Co raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.5% in the 1st quarter. Avalon Trust Co now owns 165,275 shares of the real estate investment trust’s stock valued at $4,694,000 after purchasing an additional 5,625 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HASI has been the topic of a number of analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, May 16th. TD Cowen increased their price target 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. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, B. Riley raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.09.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.5 %

Shares of NYSE HASI traded down $0.49 during midday trading on Wednesday, hitting $32.40. 1,116,130 shares of the company’s stock were exchanged, compared to its average volume of 1,088,971. The company has a debt-to-equity ratio of 1.87, a current ratio of 15.60 and a quick ratio of 15.61. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $13.22 and a twelve month high of $33.99. The company has a market cap of $3.69 billion, a PE ratio of 15.73, a P/E/G ratio of 1.16 and a beta of 1.98. The firm’s fifty day simple moving average is $31.36 and its 200-day simple moving average is $27.49.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.12%. The ex-dividend date was Wednesday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 80.58%.

About Hannon Armstrong Sustainable Infrastructure Capital

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.