Hannon Armstrong (NYSE:HASI) insider Jeffrey Eckel purchased 1,630 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were purchased at an average price of $18.95 per share, for a total transaction of $30,888.50. Following the acquisition, the insider now owns 877,270 shares of the company’s stock, valued at $16,624,266.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Jeffrey Eckel also recently made the following trade(s):
- On Friday, February 23rd, Jeffrey Eckel purchased 15,000 shares of Hannon Armstrong stock. The shares were purchased at an average price of $18.94 per share, for a total transaction of $284,100.00.
HASI stock traded down $0.23 on Friday, hitting $19.08. The company had a trading volume of 192,365 shares, compared to its average volume of 282,090. Hannon Armstrong has a 12-month low of $18.97 and a 12-month high of $19.40. The company has a current ratio of 38.94, a quick ratio of 40.96 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $1.02 billion, a P/E ratio of 18.17, a P/E/G ratio of 2.65 and a beta of 0.85.
Hannon Armstrong (NYSE:HASI) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). Hannon Armstrong had a return on equity of 8.40% and a net margin of 20.45%. The company had revenue of $8.35 million during the quarter, compared to analysts’ expectations of $9.86 million. equities analysts predict that Hannon Armstrong will post 1.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Wednesday, April 4th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.92%. The ex-dividend date was Tuesday, April 3rd. Hannon Armstrong’s dividend payout ratio is currently 125.71%.
A number of hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its holdings in Hannon Armstrong by 15.5% in the first quarter. Van ECK Associates Corp now owns 1,379,890 shares of the real estate investment trust’s stock worth $26,908,000 after purchasing an additional 184,817 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in Hannon Armstrong by 12.2% in the fourth quarter. Guggenheim Capital LLC now owns 805,504 shares of the real estate investment trust’s stock worth $19,379,000 after purchasing an additional 87,823 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its holdings in Hannon Armstrong by 2.6% in the first quarter. Eagle Boston Investment Management Inc. now owns 592,296 shares of the real estate investment trust’s stock worth $11,549,000 after purchasing an additional 15,027 shares during the last quarter. Northern Trust Corp boosted its holdings in Hannon Armstrong by 0.6% in the first quarter. Northern Trust Corp now owns 582,695 shares of the real estate investment trust’s stock worth $11,362,000 after purchasing an additional 3,508 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Hannon Armstrong by 386.2% in the fourth quarter. Teachers Advisors LLC now owns 426,796 shares of the real estate investment trust’s stock worth $10,269,000 after purchasing an additional 339,010 shares during the last quarter. Institutional investors own 72.37% of the company’s stock.
A number of equities research analysts have recently commented on HASI shares. Robert W. Baird reiterated an “outperform” rating and set a $26.00 price target (down previously from $30.00) on shares of Hannon Armstrong in a report on Thursday, February 22nd. 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. Zacks Investment Research upgraded shares of Hannon Armstrong from a “sell” rating to a “hold” rating in a report on Thursday. UBS started 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. Finally, ValuEngine cut shares of Hannon Armstrong from a “hold” rating to a “sell” rating in a report on Friday, May 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $26.25.
About Hannon Armstrong
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 enhancing or installing various building components, 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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