Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Short Interest Update

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASIGet Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 14,080,000 shares, an increase of 8.2% from the December 15th total of 13,010,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the days-to-cover ratio is currently 11.8 days.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the transaction, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This represents a 6.57 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of 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 valued at $695,000 after purchasing an additional 642 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 237,938 shares of the real estate investment trust’s stock worth $7,043,000 after acquiring an additional 9,051 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 81.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 83,561 shares of the real estate investment trust’s stock valued at $2,473,000 after acquiring an additional 37,465 shares in the last quarter. Hsbc Holdings PLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 4.3% in the second quarter. Hsbc Holdings PLC now owns 57,969 shares of the real estate investment trust’s stock valued at $1,714,000 after acquiring an additional 2,387 shares during the period. Finally, XTX Topco Ltd acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth about $755,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE HASI traded down $0.24 during trading hours on Friday, hitting $27.92. 789,266 shares of the company’s stock were exchanged, compared to its average volume of 1,028,624. The company’s 50-day moving average price is $28.51 and its 200-day moving average price is $31.32. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $21.77 and a 1-year high of $36.56. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.00 and a beta of 1.94. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were issued a dividend of $0.415 per share. The ex-dividend date was Monday, December 30th. This represents a $1.66 annualized dividend and a dividend yield of 5.95%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HASI shares. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, January 8th. Robert W. Baird raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Bank of America began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price target on the stock. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

Check Out Our Latest Analysis on HASI

About Hannon Armstrong Sustainable Infrastructure Capital

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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.

Further Reading

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