Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) Shares Acquired by First Trust Advisors LP

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First Trust Advisors LP boosted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) by 126.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,708 shares of the real estate investment trust’s stock after purchasing an additional 168,110 shares during the period. First Trust Advisors LP owned approximately 0.41% of Hannon Armstrong Sustnbl Infrstr Cap worth $8,558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 3.8% during the 1st quarter. Wellington Management Group LLP now owns 6,366,730 shares of the real estate investment trust’s stock valued at $129,945,000 after purchasing an additional 233,799 shares in the last quarter. Neumeier Poma Investment Counsel LLC grew its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 13.6% during the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 2,693,268 shares of the real estate investment trust’s stock valued at $54,970,000 after purchasing an additional 321,655 shares in the last quarter. Van ECK Associates Corp grew its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 0.5% during the 1st quarter. Van ECK Associates Corp now owns 2,111,826 shares of the real estate investment trust’s stock valued at $43,102,000 after purchasing an additional 10,621 shares in the last quarter. State Street Corp grew its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 6.2% during the 1st quarter. State Street Corp now owns 1,440,326 shares of the real estate investment trust’s stock valued at $29,397,000 after purchasing an additional 84,491 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 5.0% during the 1st quarter. Invesco Ltd. now owns 944,206 shares of the real estate investment trust’s stock worth $19,271,000 after acquiring an additional 44,984 shares in the last quarter. 75.97% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. BTIG Research assumed coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a report on Monday, June 15th. They set a “buy” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Morgan Stanley raised their price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Oppenheimer reissued a “buy” rating and set a $42.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap in a report on Thursday, July 2nd. Finally, Robert W. Baird reissued a “buy” rating and set a $34.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap in a report on Thursday, July 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $36.22.

In related news, EVP J Brendan Herron sold 19,750 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.75, for a total value of $548,062.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Nathaniel Rose sold 10,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $29.03, for a total transaction of $290,300.00. Following the completion of the sale, the executive vice president now owns 216,922 shares in the company, valued at $6,297,245.66. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Hannon Armstrong Sustnbl Infrstr Cap stock opened at $35.03 on Friday. The firm’s 50-day moving average is $30.46 and its 200-day moving average is $29.74. The company has a debt-to-equity ratio of 1.39, a quick ratio of 26.82 and a current ratio of 26.82. Hannon Armstrong Sustnbl Infrstr Cap Inc has a 1 year low of $15.01 and a 1 year high of $39.91. The company has a market cap of $2.57 billion, a P/E ratio of 26.74, a PEG ratio of 7.05 and a beta of 1.53.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, July 2nd were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.88%. Hannon Armstrong Sustnbl Infrstr Cap’s 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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