Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

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.

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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.

Institutional Ownership:

Through their ownership of 85.13% of HASI’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

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.

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