Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Sees Large Increase in Short Interest

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was the target of a significant 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 trading volume, of 1,190,000 shares, the short-interest ratio is presently 11.8 days.

Wall Street Analyst Weigh In

HASI has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. 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, StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.6 %

Shares of HASI opened at $27.56 on Tuesday. The company has a market capitalization of $3.26 billion, a P/E ratio of 15.48, a PEG ratio of 1.05 and a beta of 1.95. 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 one year low of $22.59 and a one year high of $36.56. The business’s 50 day simple moving average is $28.41 and its 200-day simple moving average is $31.10.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

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

Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CFO Marc T. Pangburn bought 3,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Legend Financial Advisors Inc. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $27,000. Blue Trust Inc. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 394 shares in the last quarter. Roxbury Financial LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $39,000. Allworth Financial LP lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,584 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth $60,000. 96.14% of the stock is owned by institutional investors and hedge funds.

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.