Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Short Interest Up 9.4% in November

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was the recipient of a significant growth in short interest in 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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Jefferies Financial Group assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target on the stock. Finally, Robert W. Baird raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and a consensus target price of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.5 %

Hannon Armstrong Sustainable Infrastructure Capital stock traded up $0.16 during midday trading on Wednesday, hitting $30.84. 249,940 shares of the company were exchanged, compared to its average volume of 1,064,450. The company’s fifty day moving average price is $32.46 and its 200-day moving average price is $32.09. The company has a market cap of $3.65 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.26 and a beta of 1.93. 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 fifty-two week low of $21.77 and a fifty-two week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.38%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 93.26%.

Insiders Place Their Bets

In other news, CFO Marc T. Pangburn purchased 3,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly 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 filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently bought and sold shares of HASI. Macroview Investment Management LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $60,000. Point72 Hong Kong Ltd purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $69,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $73,000. Finally, Covestor Ltd increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 530 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.