Hannon Armstrong Sustainable Infrastructure Capital Sees Unusually High Options Volume (NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was the target of some unusual options trading on Thursday. Traders bought 10,331 call options on the stock. This represents an increase of approximately 1,616% compared to the average volume of 602 call options.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.1 %

Shares of HASI stock opened at $34.69 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. The business has a 50-day moving average of $31.77 and a 200 day moving average of $29.57. The stock has a market capitalization of $4.04 billion, a PE ratio of 16.84, a P/E/G ratio of 1.25 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $13.22 and a 1-year high of $35.12.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same quarter in the previous year, the company earned $0.53 earnings per share. As a group, sell-side analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital will post 2.24 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 annualized dividend and a dividend yield of 4.79%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 80.58%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of large investors have recently modified their holdings of the stock. Macroview Investment Management LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $31,000. Scarborough Advisors LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth about $40,000. Plato Investment Management Ltd bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at approximately $49,000. Point72 Hong Kong Ltd purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $69,000. Finally, Addison Advisors LLC boosted its position 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 worth $78,000 after purchasing an additional 580 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HASI. B. Riley raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Royal Bank of Canada assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Morgan Stanley boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Mizuho upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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.