Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) stock jumped 1.55% on Friday to $24.92 against a previous-day closing price of $24.54. With 21.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.34 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $25.42 whereas the lowest price it dropped to was $24.32. The 52-week range on HASI shows that it touched its highest point at $39.67 and its lowest point at $19.46 during that stretch. It currently has a 1-year price target of $38.44. With its current market cap of 2.63 billion, HASI has annualized dividend of $1.58 while the current yield stands at 6.34%. Beta for the stock currently stands at 1.69.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HASI was up-trending over the past week, with a rise of 2.47%, but this was up by 7.41% over a month. Three-month performance dropped to -12.28% while six-month performance rose 4.22%. The stock lost -36.92% in the past year, while it has lost -14.01% so far this year. A look at the trailing 12-month EPS for HASI yields 0.55 with Next year EPS estimates of 2.33. For the next quarter, that number is 0.53. This implies an EPS growth rate of -69.10% for this year and 5.61% for next year. EPS is expected to grow by 8.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.20%.
Float and Shares Shorts:
At present, 107.27 million HASI shares are outstanding with a float of 104.49 million shares on hand for trading. On Aug 30, 2023, short shares totaled 11.5 million, which was 10.73% higher than short shares on Jul 30, 2023. In addition to Mr. Jeffrey Walter Eckel as the firm’s Exec. Chairman, Mr. Jeffrey A. Lipson serves as its Pres, CEO & Director.
Through their ownership of 85.13% of HASI’s outstanding shares, institutional investors have majority control over the company.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HASI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HASI analysts setting a high price target of $50.00 and a low target of $24.00, the average target price over the next 12 months is $38.44. Based on these targets, HASI could surge 100.64% to reach the target high and fall by -3.69% to reach the target low. Reaching the average price target will result in a growth of 54.25% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded HASI stock several times over the past three months with 11 Buys and 0 Sells. In these transactions, 34,376 shares were bought while 0 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 80,788 while 18,702 shares were sold.