Cambridge Investment Research Advisors Inc. Has $1.66 Million Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Cambridge Investment Research Advisors Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 9.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,370 shares of the real estate investment trust’s stock after purchasing an additional 6,434 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.14% of Hannon Armstrong Sustainable Infrastructure Capital worth $1,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baird Financial Group Inc. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 132.1% during the 1st quarter. Baird Financial Group Inc. now owns 105,363 shares of the real estate investment trust’s stock valued at $2,128,000 after purchasing an additional 59,964 shares during the last quarter. TD Asset Management Inc. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter worth approximately $517,000. US Bancorp DE raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.4% in the 2nd quarter. US Bancorp DE now owns 5,798 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 400 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 9.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 63,061 shares of the real estate investment trust’s stock worth $1,274,000 after acquiring an additional 5,311 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter worth approximately $237,000. Hedge funds and other institutional investors own 71.48% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/09/17/cambridge-investment-research-advisors-inc-has-1-66-million-stake-in-hannon-armstrong-sustainable-infrastructure-capital-inc-hasi.html.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) opened at 24.29 on Friday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 44.00 and a beta of 0.96. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $18.02 and a 52-week high of $24.66. The company has a 50-day moving average price of $23.48 and a 200 day moving average price of $22.08.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Wednesday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 244.44%.

In other Hannon Armstrong Sustainable Infrastructure Capital news, EVP Daniel K. Mcmahon sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $24.11, for a total transaction of $120,550.00. Following the completion of the sale, the executive vice president now directly owns 263,167 shares in the company, valued at $6,344,956.37. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nathaniel Rose sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $23.85, for a total transaction of $143,100.00. Following the sale, the executive vice president now owns 297,506 shares of the company’s stock, valued at $7,095,518.10. The disclosure for this sale can be found here. 7.20% of the stock is owned by insiders.

Several brokerages have commented on HASI. FBR & Co reiterated a “buy” rating and set a $26.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, June 30th. Morgan Stanley reissued an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, July 11th. BidaskClub cut Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Cowen and Company reissued an “outperform” rating and set a $28.00 price target (up from $25.00) on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, June 22nd. Finally, Zacks Investment Research raised Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Buy” and an average price target of $25.44.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Institutional Ownership by Quarter for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

Receive News & Ratings for Hannon Armstrong Sustainable Infrastructure Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hannon Armstrong Sustainable Infrastructure Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply