Short Interest in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Grows By 8.2%

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 14,080,000 shares, a growth of 8.2% from the December 15th total of 13,010,000 shares. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is presently 11.8 days.

Analyst Ratings Changes

A number of research firms have commented on HASI. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Citigroup upgraded shares of 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 report on Wednesday, January 8th. Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective for the company. Robert W. Baird upped their target price 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. Finally, The Goldman Sachs Group decreased their price target on shares of 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.9 %

Shares of HASI stock traded down $0.24 during trading hours on Friday, reaching $27.92. The company had a trading volume of 789,266 shares, compared to its average volume of 1,028,624. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $21.77 and a 1-year high of $36.56. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.00 and a beta of 1.94. The company has a 50 day moving average of $28.51 and a 200 day moving average of $31.32.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Insiders Place Their Bets

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital 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 acquisition, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.1% during the third quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock worth $10,361,000 after purchasing an additional 89,126 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $2,451,000. Harbor Capital Advisors Inc. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 42.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock valued at $1,932,000 after acquiring an additional 21,446 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock worth $6,822,000 after acquiring an additional 27,529 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth about $548,000. 96.14% of the stock is currently 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.