Wilmington Savings Fund Society FSB Buys New Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

21 Dec 2024, 11:46 by Tristan Rich · The Markets Daily

Wilmington Savings Fund Society FSB purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 2,125 shares of the real estate investment trust’s stock, valued at approximately $73,000.

A number of other institutional investors have also recently bought and sold shares of HASI. Erste Asset Management GmbH bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth about $73,622,000. Encompass Capital Advisors LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth about $18,759,000. Wellington Management Group LLP lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after purchasing an additional 491,585 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 68.6% during the third quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust’s stock valued at $31,487,000 after purchasing an additional 371,593 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock valued at $51,161,000 after purchasing an additional 267,304 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 4.5 %

NYSE:HASI opened at $27.59 on Friday. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.24 and a beta of 1.93. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The stock’s fifty day moving average price is $31.24 and its two-hundred day moving average price is $31.80. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.77 and a 52-week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 93.26%.

Analyst Ratings Changes

HASI has been the topic of several recent analyst reports. Jefferies Financial Group began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target on the stock. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Citigroup increased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Robert W. Baird boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Finally, Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. One equities research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Get Our Latest Analysis on Hannon Armstrong Sustainable Infrastructure Capital

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the transaction, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by company insiders.

About Hannon Armstrong Sustainable Infrastructure Capital

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