Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Sees Large Increase in Short Interest

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 14,080,000 shares, an increase 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 short-interest ratio is presently 11.8 days.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI traded down $0.24 during mid-day trading on Monday, reaching $27.92. The company had a trading volume of 789,266 shares, compared to its average volume of 1,028,624. 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 company has a market capitalization of $3.31 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.00 and a beta of 1.94. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $21.77 and a twelve month high of $36.56. The company’s 50-day moving average is $28.51 and its 200-day moving average is $31.34.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

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

Analyst Upgrades and Downgrades

HASI has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price objective on 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. Robert W. Baird increased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. 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 note on Wednesday, January 8th. Bank of America began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Insider Activity

In related news, CFO Marc T. Pangburn purchased 3,500 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds have recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at approximately $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $60,000. Point72 Hong Kong Ltd bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $69,000. Wilmington Savings Fund Society FSB bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at $73,000. Finally, Covestor Ltd lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 530 shares during the last quarter. 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.