Insider Selling: Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) EVP Sells 20,000 Shares of Stock

Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) EVP Daniel K. Mcmahon sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $22.84, for a total transaction of $456,800.00. Following the sale, the executive vice president now owns 287,571 shares of the company’s stock, valued at $6,568,121.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of HASI stock traded up $0.05 during trading on Thursday, hitting $23.05. 431,478 shares of the company were exchanged, compared to its average volume of 362,265. The company has a debt-to-equity ratio of 2.37, a quick ratio of 41.26 and a current ratio of 33.99. The stock has a market cap of $1.23 billion, a P/E ratio of 21.95, a P/E/G ratio of 3.14 and a beta of 0.86. Hannon Armstrong Sustnbl Infrstr Cap Inc has a twelve month low of $17.33 and a twelve month high of $24.57.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Wednesday, October 3rd were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.73%. The ex-dividend date was Tuesday, October 2nd. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio is currently 125.71%.

Several analysts recently commented on HASI shares. B. Riley set a $26.00 price target on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research cut shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. ValuEngine upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a report on Saturday, September 1st. Morgan Stanley raised their price target on shares of Hannon Armstrong Sustnbl Infrstr Cap from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 11th. Finally, TheStreet upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “c” rating to a “b” rating in a report on Wednesday, October 31st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $25.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 5.0% in the second quarter. BlackRock Inc. now owns 4,625,513 shares of the real estate investment trust’s stock valued at $91,353,000 after acquiring an additional 218,659 shares during the last quarter. Mainstay Capital Management LLC ADV lifted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 831.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,004,681 shares of the real estate investment trust’s stock valued at $49,277,000 after acquiring an additional 896,771 shares during the last quarter. Ardsley Advisory Partners lifted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 42.7% in the second quarter. Ardsley Advisory Partners now owns 770,661 shares of the real estate investment trust’s stock valued at $15,236,000 after acquiring an additional 230,661 shares during the last quarter. Eagle Boston Investment Management Inc. lifted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 15.1% in the third quarter. Eagle Boston Investment Management Inc. now owns 739,520 shares of the real estate investment trust’s stock valued at $15,877,000 after acquiring an additional 97,003 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 2.1% in the second quarter. Northern Trust Corp now owns 594,718 shares of the real estate investment trust’s stock valued at $11,745,000 after acquiring an additional 12,023 shares during the last quarter. Hedge funds and other institutional investors own 68.13% of the company’s stock.

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Hannon Armstrong Sustnbl Infrstr Cap Company Profile

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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