Hannon Armstrong Sustainable Infrastructure Capital Target of Unusually High Options Trading (NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Investors bought 3,014 put options on the stock. This represents an increase of 381% compared to the typical daily volume of 627 put options.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HASI. The Goldman Sachs Group decreased 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. Citigroup upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research report on Friday, September 27th. Jefferies Financial Group initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a "buy" rating and a $39.00 target price for the company. Finally, Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a "buy" rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE:HASI traded up $0.32 during mid-day trading on Thursday, reaching $27.15. 991,890 shares of the company's stock were exchanged, compared to its average volume of 1,021,998. 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 firm has a market capitalization of $3.22 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.21 and a beta of 1.93. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $21.77 and a one year high of $36.56. The business's fifty day simple moving average is $29.88 and its two-hundred day simple moving average is $31.51.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared 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. This represents a $1.66 annualized dividend and a dividend yield of 6.11%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 93.26%.

Insiders Place Their Bets

In other news, CFO Marc T. Pangburn purchased 3,500 shares of the business's stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $60,000. Point72 Hong Kong Ltd bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $69,000. Wilmington Savings Fund Society FSB acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $73,000. Covestor Ltd lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 530 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% in the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 580 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

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.