Legal & General Group Plc Grows Stock Holdings in Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI)

Legal & General Group Plc boosted its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) by 13.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,233 shares of the real estate investment trust’s stock after purchasing an additional 4,519 shares during the quarter. Legal & General Group Plc owned about 0.05% of Hannon Armstrong Sustnbl Infrstr Cap worth $801,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Baird Financial Group Inc. raised its stake in Hannon Armstrong Sustnbl Infrstr Cap by 69.3% during the first quarter. Baird Financial Group Inc. now owns 237,744 shares of the real estate investment trust’s stock valued at $4,852,000 after purchasing an additional 97,350 shares in the last quarter. M&T Bank Corp raised its stake in Hannon Armstrong Sustnbl Infrstr Cap by 2.9% during the first quarter. M&T Bank Corp now owns 20,075 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 567 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Hannon Armstrong Sustnbl Infrstr Cap during the first quarter valued at $54,000. Handelsbanken Fonder AB raised its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 8.2% in the first quarter. Handelsbanken Fonder AB now owns 786,205 shares of the real estate investment trust’s stock valued at $16,046,000 after acquiring an additional 59,378 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 3.6% in the first quarter. Nuveen Asset Management LLC now owns 284,046 shares of the real estate investment trust’s stock valued at $5,797,000 after acquiring an additional 9,870 shares during the period. 76.04% of the stock is currently owned by institutional investors.

In other news, EVP Nathaniel Rose sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $29.03, for a total value of $290,300.00. Following the sale, the executive vice president now directly owns 216,922 shares in the company, valued at approximately $6,297,245.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP J Brendan Herron sold 19,750 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.75, for a total transaction of $548,062.50. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

HASI has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Wednesday, June 17th. BTIG Research assumed coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Monday, June 15th. They issued a “buy” rating and a $40.00 price target on the stock. Morgan Stanley dropped their target price on shares of Hannon Armstrong Sustnbl Infrstr Cap from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 17th. Bank of America upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, March 24th. Finally, Oppenheimer reiterated a “buy” rating and set a $42.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Hannon Armstrong Sustnbl Infrstr Cap has a consensus rating of “Buy” and an average target price of $36.25.

Shares of Hannon Armstrong Sustnbl Infrstr Cap stock opened at $28.19 on Wednesday. Hannon Armstrong Sustnbl Infrstr Cap Inc has a 1 year low of $15.01 and a 1 year high of $39.91. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 8.32 and a beta of 1.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 26.82 and a quick ratio of 26.82. The firm’s 50-day moving average is $28.96 and its two-hundred day moving average is $29.76.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, July 2nd will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Wednesday, July 1st. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio is currently 115.25%.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

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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Institutional Ownership by Quarter for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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