Smithfield Trust Co Has $145,000 Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Smithfield Trust Co reduced its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 50.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,170 shares of the real estate investment trust’s stock after selling 4,180 shares during the quarter. Smithfield Trust Co’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $145,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Intech Investment Management LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth $950,000. SMH Capital Advisors Inc. acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $484,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,371 shares of the real estate investment trust’s stock valued at $2,357,000 after buying an additional 571 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.9% in the third quarter. Natixis Advisors LLC now owns 32,588 shares of the real estate investment trust’s stock valued at $1,123,000 after buying an additional 597 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after buying an additional 27,529 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HASI shares. Mizuho raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target on the stock. The Goldman Sachs Group raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Morgan Stanley raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One investment 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $39.83.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CFO Marc T. Pangburn purchased 3,500 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $28.71 per share, with a total value of $100,485.00. Following the transaction, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by insiders.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 1.8 %

NYSE HASI opened at $28.55 on Friday. The firm has a market cap of $3.39 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.04 and a beta of 1.98. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. The stock’s 50-day moving average is $33.25 and its 200-day moving average is $32.10. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $21.77 and a one year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

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 given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 93.26%.

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.