Vanguard Group Inc. Increases Holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Vanguard Group Inc. Increases Stake in Hannon Armstrong Sustainable Infrastructure Capital

In a recent disclosure with the Securities and Exchange Commission, Vanguard Group Inc. revealed that it has raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 6.0% during the fourth quarter. The institutional investor now owns 12,618,157 shares of the real estate investment trust’s stock, representing a value of $348,009,000 at the end of the quarter.

This increase in stake by Vanguard Group Inc. is part of a trend among several other hedge funds and institutional investors who have also made changes to their positions in HASI. Van ECK Associates Corp, Northern Trust Corp, Vontobel Holding Ltd., Goldman Sachs Group Inc., and Charles Schwab Investment Management Inc. are among the notable investors who have increased their positions in Hannon Armstrong Sustainable Infrastructure Capital.

Analysts have also been bullish on HASI, with several recent ratings upgrades and price target increases. B. Riley raised the stock to a “strong-buy” rating, while JPMorgan Chase & Co., Oppenheimer, and TD Cowen all raised their price targets on the stock. StockNews.com also upgraded the stock from a “sell” rating to a “hold” rating.

Despite the positive analyst sentiment, Hannon Armstrong Sustainable Infrastructure Capital’s stock has been trading down 1.1% recently. The company has a market cap of $3.37 billion and a dividend payout ratio of 80.58%. The company recently announced a quarterly dividend of $0.415 per share, with a yield of 5.61%.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. engages in investments 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.

Overall, the increased stake by Vanguard Group Inc. and positive analyst ratings suggest a strong outlook for Hannon Armstrong Sustainable Infrastructure Capital. Investors will be closely watching how the company continues to capitalize on opportunities in the sustainable infrastructure market.