Dynamic Technology Lab Private Ltd Buys Shares of 24,798 Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Dynamic Technology Lab Private Ltd purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,798 shares of the real estate investment trust’s stock, valued at approximately $855,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB increased its position 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 worth $119,012,000 after purchasing an additional 257,233 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 48.0% in the 1st quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock valued at $2,321,000 after buying an additional 26,508 shares in the last quarter. Abundance Wealth Counselors acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth approximately $1,110,000. Harbor Capital Advisors Inc. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $1,742,000. Finally, Oppenheimer & Co. Inc. lifted its stake in 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 acquiring an additional 27,529 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Marc T. Pangburn bought 3,500 shares of the business’s stock in a transaction that occurred 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 purchase, the chief financial officer now owns 56,791 shares of the company’s stock, valued at $1,630,469.61. This trade represents a 6.57 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

HASI has been the topic of a number of recent research reports. Citigroup raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Robert W. Baird boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price objective on the stock. Morgan Stanley boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and a consensus price target of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE:HASI opened at $31.27 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $21.77 and a one year high of $36.56. The company has a fifty day moving average price of $32.83 and a 200 day moving average price of $32.12. The stock has a market cap of $3.70 billion, a P/E ratio of 17.57, a PEG ratio of 1.14 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.31%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 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.