Legend Financial Advisors Inc. Invests $27,000 in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Legend Financial Advisors Inc. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the real estate investment trust’s stock, valued at approximately $27,000.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth about $60,000. Wilmington Savings Fund Society FSB bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth about $73,000. Covestor Ltd grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 530 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at about $69,000. Finally, Trust Co. of Vermont grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 106.7% in the 3rd quarter. Trust Co. of Vermont now owns 3,100 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 1,600 shares during the period. 96.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 target price for the company. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Robert W. Baird raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group reduced their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and an average price target of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI traded up $0.25 during mid-day trading on Tuesday, reaching $27.61. The company had a trading volume of 918,005 shares, compared to its average volume of 915,482. 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 firm has a market cap of $3.27 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.21 and a beta of 1.94. The company’s 50-day moving average price is $29.61 and its 200-day moving average price is $31.47. 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 business also recently declared 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 dividend on an annualized basis and a dividend yield of 6.01%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 93.26%.

Insider Buying and Selling

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 shares were acquired at an average price of $28.71 per share, with a total value of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at $1,630,469.61. The trade was a 6.57 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Hannon Armstrong Sustainable Infrastructure Capital Company 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.