Principal Financial Group Inc. Sells 12,120 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Principal Financial Group Inc. trimmed its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 548,720 shares of the real estate investment trust’s stock after selling 12,120 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of Hannon Armstrong Sustainable Infrastructure Capital worth $18,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Macroview Investment Management LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at about $31,000. Plato Investment Management Ltd bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the first quarter valued at approximately $49,000. Point72 Hong Kong Ltd purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $69,000. Addison Advisors LLC boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% in the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 580 shares during the period. Finally, Summit Securities Group LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at approximately $90,000. 96.14% of the stock is owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.7 %

Shares of NYSE:HASI opened at $27.54 on Friday. The firm has a market capitalization of $3.27 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.00 and a beta of 1.98. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.27 and a current ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.77 and a 52-week high of $36.56. The firm has a fifty day moving average of $33.77 and a 200 day moving average of $32.02.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 93.26%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HASI. Jefferies Financial Group initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target for the company. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday. Mizuho increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Robert W. Baird raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada began 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 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.83.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $28.71 per share, with a total value of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company 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.