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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) saw a significant drop in short interest in 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 trading volume of 1,200,000 shares, the short-interest ratio is currently 10.8 days.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was 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 of the company’s stock, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 89,126 shares during the period. Franklin Resources Inc. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.1% during the third 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at $73,000. Geode Capital Management LLC boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in the third 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 purchasing an additional 53,799 shares during the last quarter. Finally, Barclays PLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the 3rd quarter. Barclays PLC now owns 476,940 shares of the real estate investment trust’s stock worth $16,441,000 after purchasing an additional 6,911 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HASI shares. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. Citigroup boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Robert W. Baird raised 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, Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and an average target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI stock opened at $27.38 on Monday. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.24 and a beta of 1.93. 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 stock’s 50-day simple moving average is $30.48 and its 200-day simple moving average is $31.64. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 6.06%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 93.26%.

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.