Traders Buy High Volume of Hannon Armstrong Sustainable Infrastructure Capital Put Options (NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 3,014 put options on the company. This represents an increase of 381% compared to the typical daily volume of 627 put options.

Analysts Set New Price Targets

Several research firms have issued reports on HASI. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Robert W. Baird upped their price objective 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. Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 target price for the company. Finally, The Goldman Sachs Group lowered their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, 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 Stock Performance

Shares of NYSE HASI traded up $0.80 during midday trading on Thursday, reaching $27.63. 138,783 shares of the stock were exchanged, compared to its average volume of 1,021,998. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The firm has a 50-day simple moving average of $30.02 and a two-hundred day simple moving average of $31.54. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $21.77 and a twelve month high of $36.56. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.21 and a beta of 1.93.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed 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 yield of 6.01%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Insider Activity

In other news, CFO Marc T. Pangburn acquired 3,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were purchased at an average price of $28.71 per share, with a total value of $100,485.00. Following the transaction, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors have recently modified their holdings of the business. Oppenheimer & Co. Inc. increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock worth $6,822,000 after purchasing an additional 27,529 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $1,742,000. Creative Planning purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $548,000. Encompass Capital Advisors LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth approximately $18,759,000. Finally, PFG Investments LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.8% during the third quarter. PFG Investments LLC now owns 239,559 shares of the real estate investment trust’s stock worth $8,258,000 after purchasing an additional 19,464 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.