Short Interest in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Drops By 11.1%

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 13,010,000 shares, a decrease of 11.1% from the November 30th total of 14,640,000 shares. Based on an average daily volume of 1,200,000 shares, the days-to-cover ratio is currently 10.8 days.

Analysts Set New Price Targets

A number of equities analysts have commented on HASI shares. Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 target price for the company. Bank of America began 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 on the stock. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Citigroup increased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird boosted their price target on shares of 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Insiders Place Their Bets

In related news, CFO Marc T. Pangburn bought 3,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the purchase, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock worth $51,161,000 after purchasing an additional 267,304 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,332 shares of the real estate investment trust’s stock valued at $1,490,000 after acquiring an additional 4,714 shares during the period. iA Global Asset Management Inc. purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at approximately $407,000. International Assets Investment Management LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at approximately $109,000. Finally, Consolidated Portfolio Review Corp raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 28.3% in the second quarter. Consolidated Portfolio Review Corp now owns 23,369 shares of the real estate investment trust’s stock valued at $692,000 after purchasing an additional 5,149 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.38 on Monday. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average price of $30.48 and a 200 day moving average price of $31.64. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $21.77 and a 12-month high of $36.56. The stock has a market cap of $3.24 billion, a P/E ratio of 15.38, a PEG ratio of 1.24 and a beta of 1.93.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.415 per share. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.06%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 93.26%.

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.