Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 68.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 913,476 shares of the real estate investment trust’s stock after purchasing an additional 371,593 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $31,487,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Macroview Investment Management LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth $31,000. Point72 Hong Kong Ltd acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at about $69,000. Covestor Ltd grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 530 shares during the last quarter. Addison Advisors LLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 580 shares during the period. Finally, Summit Securities Group LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth about $90,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HASI. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 target price for the company. Royal Bank of Canada started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price on the stock. Robert W. Baird raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average target price of $40.58.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now directly 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 document filed with the SEC, which is available through this link. Insiders own 2.00% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $31.36 on Friday. 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 $3.72 billion, a PE ratio of 17.62, a P/E/G ratio of 1.27 and a beta of 1.98. The company’s 50 day simple moving average is $32.61 and its 200 day simple moving average is $32.10. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 93.26%.

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.