The 156 Shares of Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) are sold by State Board of Administration of Florida Retirement System

The 156 Shares of Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) are sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its position in shares of Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 20,089 shares of the company’s stock after selling 156 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.05% of Hannon Armstrong Sustainable Infrastructure Capital worth $434,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 14.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 24,477 shares of the company’s stock valued at $529,000 after buying an additional 3,062 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $337,000. California Public Employees Retirement System increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 5.3% in the second quarter. California Public Employees Retirement System now owns 132,100 shares of the company’s stock valued at $2,853,000 after buying an additional 6,600 shares during the period. Kleinwort Benson Investors Dublin Ltd bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $5,865,000. Finally, Swiss National Bank increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 0.8% in the second quarter. Swiss National Bank now owns 57,834 shares of the company’s stock valued at $1,249,000 after buying an additional 434 shares during the period. 69.57% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) traded down 0.97% during trading on Friday, reaching $21.38. The company’s stock had a trading volume of 224,766 shares. The stock has a 50-day moving average of $23.30 and a 200 day moving average of $21.41. The firm has a market capitalization of $897.64 million, a P/E ratio of 78.60 and a beta of 1.09. Hannon Armstrong Sustainable Infrastructure Capital Inc. has a one year low of $15.46 and a one year high of $25.21.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Wednesday, August 3rd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 8.10% and a net margin of 30.45%. The firm had revenue of $21.85 million for the quarter, compared to the consensus estimate of $9.27 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s revenue was up 62.2% compared to the same quarter last year. On average, equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital Inc. will post $1.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Wednesday, October 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.61%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 413.81%.

Several research analysts have recently commented on the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, August 4th. Zacks Investment Research raised Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, July 11th. Barclays PLC assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, September 8th. They set an “overweight” rating and a $27.00 target price on the stock. FBR & Co reissued a “buy” rating and set a $26.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, August 5th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, July 13th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $25.86.

In other news, CFO J Brendan Herron sold 15,590 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $23.55, for a total value of $367,144.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 7.20% of the stock is owned by insiders.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides debt and equity financing to the energy efficiency and renewable energy markets. The Company originates its transactions primarily through programmatic finance relationships with global energy service companies. It also originates transactions with renewable energy manufacturers, developers and operators, and other companies, which own and operate renewable energy projects, including various utility companies of the United States.

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