Bank of New York Mellon Corp raised its position in Hannon Armstrong (NYSE:HASI) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 241,431 shares of the real estate investment trust’s stock after buying an additional 2,653 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hannon Armstrong were worth $5,808,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Eagle Boston Investment Management Inc. increased its holdings in Hannon Armstrong by 4.6% in the 4th 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 buying an additional 25,314 shares during the period. Global X Management Co. LLC grew its holdings in shares of Hannon Armstrong by 31.5% during the 4th quarter. Global X Management Co. LLC now owns 42,344 shares of the real estate investment trust’s stock valued at $1,019,000 after purchasing an additional 10,134 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Hannon Armstrong by 11.9% during the 4th quarter. First Trust Advisors LP now owns 81,468 shares of the real estate investment trust’s stock valued at $1,960,000 after purchasing an additional 8,659 shares during the last quarter. Nwam LLC grew its holdings in shares of Hannon Armstrong by 28.6% during the 4th quarter. Nwam LLC now owns 20,142 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 4,484 shares during the last quarter. Finally, Boston Common Asset Management LLC grew its holdings in shares of Hannon Armstrong by 5.0% during the 4th quarter. Boston Common Asset Management LLC now owns 247,163 shares of the real estate investment trust’s stock valued at $5,947,000 after purchasing an additional 11,706 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:HASI opened at $19.12 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 40.96 and a current ratio of 40.96. Hannon Armstrong has a one year low of $17.33 and a one year high of $25.28. The company has a market cap of $1,019.49, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 2.44 and a beta of 0.85.
Hannon Armstrong (NYSE:HASI) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Hannon Armstrong had a return on equity of 8.84% and a net margin of 29.23%. The business had revenue of $8.35 million for the quarter, compared to analyst estimates of $9.86 million. analysts expect that Hannon Armstrong will post 1.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, April 4th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $1.32 annualized dividend and a yield of 6.90%. Hannon Armstrong’s dividend payout ratio is presently 125.71%.
In other Hannon Armstrong news, insider Jeffrey Eckel bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average cost of $18.94 per share, for a total transaction of $284,100.00. Following the transaction, the insider now directly owns 707,618 shares in the company, valued at $13,402,284.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.40% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on HASI shares. B. Riley set a $27.00 price target on shares of Hannon Armstrong and gave the company a “buy” rating in a report on Friday, December 22nd. Robert W. Baird reaffirmed an “outperform” rating and set a $26.00 price target (down from $30.00) on shares of Hannon Armstrong in a report on Thursday, February 22nd. Zacks Investment Research raised shares of Hannon Armstrong from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Cowen set a $28.00 price target on shares of Hannon Armstrong and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, UBS assumed coverage on shares of Hannon Armstrong in a report on Thursday, March 15th. They set a “buy” rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Hannon Armstrong currently has an average rating of “Buy” and a consensus 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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