Raymond James & Associates raised its stake in Hannon Armstrong (NYSE:HASI) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,243 shares of the real estate investment trust’s stock after purchasing an additional 3,800 shares during the period. Raymond James & Associates owned 0.15% of Hannon Armstrong worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Nwam LLC lifted its holdings in shares of Hannon Armstrong by 28.6% during the fourth quarter. Nwam LLC now owns 20,142 shares of the real estate investment trust’s stock worth $485,000 after purchasing an additional 4,484 shares during the period. Eagle Boston Investment Management Inc. lifted its holdings in Hannon Armstrong by 4.6% in the fourth quarter. Eagle Boston Investment Management Inc. now owns 577,269 shares of the real estate investment trust’s stock valued at $13,889,000 after acquiring an additional 25,314 shares during the period. Baird Financial Group Inc. increased its position in shares of Hannon Armstrong by 71.0% in the fourth quarter. Baird Financial Group Inc. now owns 170,483 shares of the real estate investment trust’s stock valued at $4,102,000 after buying an additional 70,787 shares in the last quarter. Essex Investment Management Co. LLC increased its position in shares of Hannon Armstrong by 11.1% in the fourth quarter. Essex Investment Management Co. LLC now owns 55,810 shares of the real estate investment trust’s stock valued at $1,343,000 after buying an additional 5,575 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Hannon Armstrong by 5.5% in the third quarter. California Public Employees Retirement System now owns 99,656 shares of the real estate investment trust’s stock valued at $2,429,000 after buying an additional 5,156 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.
In related news, insider Jeffrey Eckel acquired 15,000 shares of the stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $18.94 per share, with a total value of $284,100.00. Following the completion of the purchase, the insider now owns 707,618 shares of the company’s stock, valued at approximately $13,402,284.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.40% of the company’s stock.
NYSE HASI opened at $19.13 on Friday. The firm has a market cap of $1,027.49, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.56 and a beta of 0.85. The company has a current ratio of 40.96, a quick ratio of 40.96 and a debt-to-equity ratio of 2.22. Hannon Armstrong has a fifty-two week low of $17.33 and a fifty-two week high of $25.28.
Hannon Armstrong (NYSE:HASI) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). The company had revenue of $8.35 million for the quarter, compared to analyst estimates of $9.86 million. Hannon Armstrong had a return on equity of 8.84% and a net margin of 29.23%. equities analysts anticipate that Hannon Armstrong will post 1.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 12th. Shareholders of record on Wednesday, April 4th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date was Tuesday, April 3rd. Hannon Armstrong’s dividend payout ratio (DPR) is currently 125.71%.
A number of research firms have recently commented on HASI. B. Riley set a $27.00 price objective on Hannon Armstrong and gave the company a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded Hannon Armstrong from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Cowen set a $28.00 price target on Hannon Armstrong and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Robert W. Baird reiterated an “outperform” rating and set a $26.00 price target (down from $30.00) on shares of Hannon Armstrong in a research report on Thursday, February 22nd. Finally, UBS began coverage on Hannon Armstrong in a research report on Thursday, March 15th. They set a “buy” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $26.25.
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About Hannon Armstrong
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.
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