Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Short Interest Up 8.2% in January

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 14,080,000 shares, an increase of 8.2% from the December 31st total of 13,010,000 shares. Based on an average daily volume of 1,190,000 shares, the days-to-cover ratio is currently 11.8 days.

Analyst Ratings Changes

Several analysts have commented on HASI shares. JPMorgan Chase & Co. decreased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. The Goldman Sachs Group dropped their price target on 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. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, 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 report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.25.

Insiders Place Their Bets

In related news, CFO Marc T. Pangburn bought 3,500 shares of the 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 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 represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Legend Financial Advisors Inc. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $27,000. Blue Trust Inc. boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 394 shares during the period. Roxbury Financial LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $39,000. Allworth Financial LP increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,584 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $60,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI stock opened at $27.56 on Tuesday. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $22.59 and a 12 month high of $36.56. The stock has a market cap of $3.26 billion, a PE ratio of 15.48, a P/E/G ratio of 1.05 and a beta of 1.95. The company has a 50-day moving average price of $28.41 and a 200 day moving average price of $31.10.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced 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 of this dividend 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.