Illinois Municipal Retirement Fund Raises Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Illinois Municipal Retirement Fund boosted its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 12.0% in the 4th quarter, Holdings Channel reports. The firm owned 63,817 shares of the real estate investment trust’s stock after acquiring an additional 6,831 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HASI. Legend Financial Advisors Inc. acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at about $27,000. Blue Trust Inc. raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 394 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $39,000. Allworth Financial LP lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% in the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,584 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $60,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on HASI shares. Truist Financial began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a “buy” rating and a $40.00 price target for the company. Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their price target 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 initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Wells Fargo & Company began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday. They set an “overweight” rating and a $33.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $28.73 on Friday. The company’s 50 day moving average is $27.78 and its two-hundred day moving average is $30.68. The firm has a market cap of $3.43 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $24.00 and a 52-week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The company had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. On average, research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.85%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 106.33%.

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.