Eii Capital Management Inc. Invests $487,000 in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI)

Eii Capital Management Inc. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,000 shares of the real estate investment trust’s stock, valued at approximately $487,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 7.3% in the 2nd quarter. BlackRock Inc. now owns 4,696,471 shares of the real estate investment trust’s stock valued at $107,408,000 after acquiring an additional 319,171 shares in the last quarter. Vanguard Group Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,051,043 shares of the real estate investment trust’s stock valued at $46,907,000 after acquiring an additional 76,106 shares in the last quarter. Neumeier Poma Investment Counsel LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.9% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 1,908,580 shares of the real estate investment trust’s stock valued at $46,512,000 after acquiring an additional 90,000 shares in the last quarter. GCA Investment Management LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% in the 2nd quarter. GCA Investment Management LLC now owns 967,085 shares of the real estate investment trust’s stock valued at $22,117,000 after acquiring an additional 8,925 shares in the last quarter. Finally, State Street Corp lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 16.4% in the 2nd quarter. State Street Corp now owns 940,049 shares of the real estate investment trust’s stock valued at $21,494,000 after acquiring an additional 132,368 shares in the last quarter. 71.63% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) traded up $0.04 during trading on Friday, hitting $23.71. 271,800 shares of the company’s stock traded hands, compared to its average volume of 321,602. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $18.02 and a 1 year high of $25.28. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market cap of $1,256.10, a PE ratio of 21.72, a P/E/G ratio of 1.76 and a beta of 0.93.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Tuesday, December 26th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, December 22nd. This represents a $1.32 annualized dividend and a dividend yield of 5.57%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 220.00%.

In other news, EVP Nathaniel Rose sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $23.58, for a total transaction of $188,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J Brendan Herron sold 11,063 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $23.96, for a total transaction of $265,069.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,063 shares of company stock worth $571,259. Insiders own 5.40% of the company’s stock.

HASI has been the topic of several recent analyst reports. Cowen reissued a “buy” rating and set a $28.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, September 28th. Zacks Investment Research cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Roth Capital set a $28.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital and gave the stock a “buy” rating in a research report on Saturday, November 25th. Finally, Oppenheimer lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Buy” and an average target price of $25.88.

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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.

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

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