Pallas Capital Advisors LLC Acquires Shares of 91,335 Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Pallas Capital Advisors LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 91,335 shares of the real estate investment trust’s stock, valued at approximately $2,451,000. Pallas Capital Advisors LLC owned 0.08% of Hannon Armstrong Sustainable Infrastructure Capital as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HASI. JPMorgan Chase & Co. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after acquiring an additional 89,126 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after purchasing an additional 27,529 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $1,742,000. Creative Planning bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $548,000. Finally, Encompass Capital Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $18,759,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI traded down $0.44 on Monday, hitting $26.52. 1,016,169 shares of the stock were exchanged, compared to its average volume of 1,025,245. 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 12 month low of $21.77 and a 12 month high of $36.56. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.21 and a beta of 1.94. The business has a 50-day moving average of $29.04 and a two-hundred day moving average of $31.39.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were given a dividend of $0.415 per share. The ex-dividend date was Monday, December 30th. This represents a $1.66 annualized dividend and a yield of 6.26%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 93.26%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HASI. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. The Goldman Sachs Group lowered their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Bank of America started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price target on the stock. Robert W. Baird increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Finally, StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.50.

Insiders Place Their Bets

In other news, CFO Marc T. Pangburn bought 3,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was purchased at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company 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.