Stock Traders Buy Large Volume of Put Options on Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was the target of some unusual options trading on Thursday. Traders acquired 3,014 put options on the stock. This represents an increase of approximately 381% compared to the average volume of 627 put options.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $27.15 on Friday. The firm has a 50-day simple moving average of $29.88 and a 200-day simple moving average of $31.51. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $3.22 billion, a price-to-earnings 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 52 week low of $21.77 and a 52 week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 6.11%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

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 Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Monday, November 11th. The stock was 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after buying an additional 89,126 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 379,832 shares of the real estate investment trust’s stock valued at $13,298,000 after acquiring an additional 11,254 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at about $73,000. Geode Capital Management LLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock worth $90,912,000 after purchasing an additional 53,799 shares during the last quarter. Finally, Barclays PLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the third quarter. Barclays PLC now owns 476,940 shares of the real estate investment trust’s stock worth $16,441,000 after purchasing an additional 6,911 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HASI has been the subject of several analyst reports. Citigroup boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Robert W. Baird upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 target price for the company. The Goldman Sachs Group lowered their target price on shares of 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. Finally, StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

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.