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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 13,010,000 shares, a drop 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 short-interest ratio is presently 10.8 days.

Analyst Ratings Changes

Several brokerages recently issued reports on HASI. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. 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 price target for the company. Robert W. Baird upped their price target on shares of 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. Finally, Citigroup raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.4 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded up $0.12 during trading on Wednesday, hitting $26.83. The company’s stock had a trading volume of 986,201 shares, compared to its average volume of 1,082,947. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The company has a fifty day simple moving average of $30.18 and a two-hundred day simple moving average of $31.57. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $21.77 and a 52 week high of $36.56. The company has a market capitalization of $3.18 billion, a PE ratio of 15.07, a P/E/G ratio of 1.24 and a beta of 1.93.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be paid 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 is currently 93.26%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the acquisition, the chief financial officer now owns 56,791 shares of the company’s stock, valued at $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after purchasing an additional 89,126 shares during the period. Franklin Resources Inc. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 379,832 shares of the real estate investment trust’s stock worth $13,298,000 after purchasing an additional 11,254 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth approximately $73,000. Geode Capital Management LLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock valued at $90,912,000 after buying an additional 53,799 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the third quarter. Barclays PLC now owns 476,940 shares of the real estate investment trust’s stock valued at $16,441,000 after buying an additional 6,911 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

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.