Investors Purchase Large Volume of Put Options on Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) saw some unusual options trading on Thursday. Investors purchased 3,014 put options on the company. This represents an increase of 381% compared to the average daily volume of 627 put options.

Insider Buying and Selling

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the stock in a transaction dated Monday, November 11th. The shares were acquired at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the transaction, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 357,090 shares of the real estate investment trust’s stock valued at $10,570,000 after buying an additional 8,258 shares in the last quarter. Victory Capital Management Inc. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2.8% in the second quarter. Victory Capital Management Inc. now owns 23,468 shares of the real estate investment trust’s stock worth $695,000 after purchasing an additional 642 shares in the last quarter. Arizona State Retirement System increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 4.2% during the 2nd quarter. Arizona State Retirement System now owns 31,849 shares of the real estate investment trust’s stock worth $943,000 after purchasing an additional 1,297 shares during the period. Addison Advisors LLC lifted its holdings in shares of 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, SFE Investment Counsel grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.8% during the 2nd quarter. SFE Investment Counsel now owns 182,820 shares of the real estate investment trust’s stock worth $5,411,000 after buying an additional 1,408 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 3.0 %

NYSE HASI traded up $0.80 on Thursday, hitting $27.63. 138,783 shares of the stock were exchanged, compared to its average volume of 1,021,998. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $21.77 and a 52-week high of $36.56. The firm has a market capitalization of $3.27 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.21 and a beta of 1.93. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The stock has a fifty day moving average price of $30.02 and a two-hundred day moving average price of $31.54.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 93.26%.

Analysts Set New Price Targets

HASI has been the topic of a number of research analyst reports. Bank of America began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price target on the stock. Citigroup raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target on the stock. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Finally, The Goldman Sachs Group decreased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

About Hannon Armstrong Sustainable Infrastructure Capital

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.