Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Short Interest Up 8.2% in January

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 14,080,000 shares, an increase of 8.2% from the December 31st total of 13,010,000 shares. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is presently 11.8 days.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $27.56 on Tuesday. 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 has a 1-year low of $22.59 and a 1-year high of $36.56. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.05 and a beta of 1.95. The business’s fifty day moving average price is $28.41 and its 200-day moving average price is $31.10.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were paid a dividend of $0.415 per share. The ex-dividend date was Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.02%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 93.26%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Citigroup upgraded 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 research note on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.25.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CFO Marc T. Pangburn acquired 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of $28.71 per share, with a total value of $100,485.00. Following the transaction, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Affirmative Financial Network increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5.0% during the third quarter. First Affirmative Financial Network now owns 8,129 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 384 shares during the last quarter. AQR Capital Management LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 24,262 shares of the real estate investment trust’s stock worth $718,000 after purchasing an additional 392 shares during the period. Blue Trust Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 394 shares in the last quarter. Truist Financial Corp grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5.1% during the fourth quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 449 shares during the period. Finally, Harrington Investments INC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.1% in the third quarter. Harrington Investments INC now owns 12,824 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 500 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.