Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Short Interest Update

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 13,010,000 shares, a decline 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 presently 10.8 days.

Wall Street Analyst Weigh In

Several research firms have weighed in on HASI. Robert W. Baird upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They set a “buy” rating and a $39.00 target price for the company. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. The Goldman Sachs Group cut their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Finally, Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.50.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CFO Marc T. Pangburn purchased 3,500 shares of the stock in a transaction dated 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 purchase, the chief financial officer now directly owns 56,791 shares in the company, valued at $1,630,469.61. This trade represents a 6.57 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently made changes to their positions in HASI. Erste Asset Management GmbH acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $73,622,000. Encompass Capital Advisors LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth $18,759,000. Wellington Management Group LLP raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock valued at $455,216,000 after acquiring an additional 491,585 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 68.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust’s stock valued at $31,487,000 after acquiring an additional 371,593 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in 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 period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.4 %

Shares of HASI stock traded up $0.12 during trading hours on Wednesday, hitting $26.83. 986,201 shares of the company were exchanged, compared to its average volume of 1,082,947. The firm has a fifty day moving average of $30.18 and a 200 day moving average of $31.57. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital has a 1 year low of $21.77 and a 1 year high of $36.56. The firm has a market cap of $3.18 billion, a PE ratio of 15.07, a PEG ratio of 1.24 and a beta of 1.93.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.19%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 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.