Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) CEO Jeffrey Eckel sold 63,333 shares of the stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $61.68, for a total value of $3,906,379.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded up $1.25 on Friday, hitting $64.08. The company’s stock had a trading volume of 216,292 shares, compared to its average volume of 586,547. The company has a market capitalization of $5.04 billion, a P/E ratio of 57.64, a price-to-earnings-growth ratio of 4.72 and a beta of 1.83. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $44.69 and a 52-week high of $72.42. The firm has a fifty day moving average price of $57.92 and a 200-day moving average price of $55.21. The company has a quick ratio of 22.96, a current ratio of 22.96 and a debt-to-equity ratio of 1.92.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Thursday, November 4th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 42.76% and a return on equity of 10.04%. During the same period in the prior year, the firm earned $0.28 EPS. As a group, analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 1.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 11th. Shareholders of record on Tuesday, December 28th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, December 27th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 128.44%.
Several brokerages recently weighed in on HASI. JPMorgan Chase & Co. increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, July 21st. KeyCorp began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 21st. They set a “sector weight” rating for the company. B. Riley increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 30th. Zacks Investment Research cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Berenberg Bank began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, October 14th. They issued a “buy” rating and a $65.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Hold” and an average target price of $64.11.
Several hedge funds and other institutional investors have recently made changes to their positions in HASI. Parallel Advisors LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at about $28,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $30,000. Berman Capital Advisors LLC lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 59.7% during the third quarter. Berman Capital Advisors LLC now owns 570 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 213 shares during the period. Advisory Services Network LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $31,000. Finally, Psagot Investment House Ltd. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $33,000. 83.01% of the stock is currently owned by institutional investors.
About Hannon Armstrong Sustainable Infrastructure Capital
Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in focusing on solutions that reduce carbon emissions and increase resilience to climate change by providing capital and specialized expertise to companies in the energy efficiency, renewable energy and other sustainable infrastructure markets.
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