Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Holdings Raised by Janney Montgomery Scott LLC

Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in shares of Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) by 13.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,627 shares of the real estate investment trust’s stock after acquiring an additional 13,610 shares during the period. Janney Montgomery Scott LLC’s holdings in Hannon Armstrong Sustnbl Infrstr Cap were worth $2,939,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pearl River Capital LLC acquired a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the fourth quarter valued at about $25,000. Private Capital Group LLC acquired a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the first quarter valued at about $54,000. NumerixS Investment Technologies Inc acquired a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the fourth quarter valued at about $80,000. Nisa Investment Advisors LLC raised its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 334.6% during the first quarter. Nisa Investment Advisors LLC now owns 3,455 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 2,660 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 29.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,716 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,310 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

A number of research analysts have recently commented on HASI shares. ValuEngine raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research report on Friday, March 1st. B. Riley started coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Thursday, March 14th. They set a “buy” rating and a $29.00 price objective for the company. Cowen set a $30.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, Roth Capital set a $30.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $26.50.

NYSE:HASI opened at $26.45 on Friday. Hannon Armstrong Sustnbl Infrstr Cap Inc has a 12-month low of $17.76 and a 12-month high of $27.87. The company has a debt-to-equity ratio of 1.54, a current ratio of 26.46 and a quick ratio of 26.46. The stock has a market capitalization of $1.75 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 10.54 and a beta of 1.08.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last posted its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.08. Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 39.53% and a return on equity of 10.11%. The firm had revenue of $19.74 million during the quarter, compared to analyst estimates of $14.65 million. Equities analysts predict that Hannon Armstrong Sustnbl Infrstr Cap Inc will post 1.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Wednesday, April 3rd were given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend was Tuesday, April 2nd. This is a positive change from Hannon Armstrong Sustnbl Infrstr Cap’s previous quarterly dividend of $0.33. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio is 112.61%.

In related news, EVP Daniel K. Mcmahon sold 5,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.73, for a total value of $123,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Eckel purchased 985 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $26.82 per share, with a total value of $26,417.70. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.

About Hannon Armstrong Sustnbl Infrstr Cap

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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