Hannon Armstrong Sustainable Infrastructure Capital Target of Unusually High Options Trading (NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) saw some unusual options trading on Thursday. Traders bought 10,331 call options on the stock. This is an increase of approximately 1,616% compared to the typical daily volume of 602 call options.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently made changes to their positions in HASI. Sanctuary Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $359,000. Doheny Asset Management CA bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at $1,144,000. Algert Global LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 55.2% during the second quarter. Algert Global LLC now owns 32,218 shares of the real estate investment trust’s stock worth $954,000 after purchasing an additional 11,458 shares during the period. Mackenzie Financial Corp bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth $204,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 63,099 shares of the real estate investment trust’s stock valued at $1,868,000 after purchasing an additional 4,552 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $34.65 on Friday. The stock has a market cap of $3.95 billion, a PE ratio of 16.82, a P/E/G ratio of 1.16 and a beta of 1.98. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 1.77. The business’s 50-day moving average price is $31.65 and its two-hundred day moving average price is $29.54. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $13.22 and a 12-month high of $34.71.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The firm had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $30.97 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. As a group, analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 2.31 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 annualized dividend and a yield of 4.79%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 80.58%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Oppenheimer reissued an “outperform” rating and issued a $48.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, May 16th. Finally, Royal Bank of Canada initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price on the stock. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Moderate Buy” and a consensus target price of $37.67.

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.