Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Stock Holdings Trimmed by Congress Asset Management Co.

Congress Asset Management Co. lessened its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,067 shares of the real estate investment trust’s stock after selling 316 shares during the period. Congress Asset Management Co.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,312,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HASI. Macroview Investment Management LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth $31,000. Plato Investment Management Ltd bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter worth about $49,000. Point72 Hong Kong Ltd acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at about $69,000. Addison Advisors LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 580 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $90,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $34.41 on Friday. The firm has a market capitalization of $4.01 billion, a PE ratio of 16.00, a P/E/G ratio of 1.31 and a beta of 1.98. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $18.02 and a 12 month high of $36.15. The company’s 50 day simple moving average is $34.02 and its 200 day simple moving average is $31.58.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The company had revenue of $94.52 million for the quarter, compared to the consensus estimate of $30.97 million. During the same quarter in the previous year, the business earned $0.53 EPS. As a group, equities research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on HASI. Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a “buy” rating and a $39.00 target price for the company. The Goldman Sachs Group increased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Royal Bank of Canada assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Morgan Stanley boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.