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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 14,500,000 shares, a growth of 9.4% from the October 31st total of 13,260,000 shares. Based on an average trading volume of 1,110,000 shares, the days-to-cover ratio is presently 13.1 days.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.4 %

NYSE:HASI traded up $0.12 during trading hours on Wednesday, reaching $30.80. The company’s stock had a trading volume of 238,116 shares, compared to its average volume of 1,064,384. 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 company has a market capitalization of $3.65 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.26 and a beta of 1.93. The stock has a 50 day moving average price of $32.46 and a two-hundred day moving average price of $32.09. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $21.77 and a 12 month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 93.26%.

Analyst Ratings Changes

A number of research firms recently weighed in on HASI. Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price objective for the company. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Jefferies Financial Group began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They set a “buy” rating and a $39.00 target price on the stock. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Citigroup raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.58.

Insiders Place Their Bets

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was acquired at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Macroview Investment Management LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $60,000. Point72 Hong Kong Ltd acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $69,000. Wilmington Savings Fund Society FSB purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth approximately $73,000. Finally, Covestor Ltd increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 96.14% 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.