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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 14,080,000 shares, a growth of 8.2% from the December 31st 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.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. The Goldman Sachs Group dropped their target price 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 report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, January 8th. Bank of America began 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. Finally, StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Moderate Buy” and an average price target of $40.25.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 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, for a total transaction of $100,485.00. Following the transaction, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of large investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after buying an additional 491,585 shares during the last quarter. State Street Corp lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock valued at $152,575,000 after purchasing an additional 42,762 shares during the last quarter. Geode Capital Management LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in 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 purchasing an additional 53,799 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $73,622,000. Finally, Vontobel Holding Ltd. lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 6.2% in the 4th quarter. Vontobel Holding Ltd. now owns 1,426,174 shares of the real estate investment trust’s stock valued at $38,264,000 after purchasing an additional 83,106 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 1.6 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.56 on Tuesday. The firm has a 50-day moving average of $28.41 and a 200-day moving average of $31.10. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $22.59 and a one 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 company has a market cap of $3.26 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.05 and a beta of 1.95.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were paid a dividend of $0.415 per share. The ex-dividend date was Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.02%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio 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.