Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI) stock jumped 2.91% on Friday to $23.34 against a previous-day closing price of $22.68. With 1.45 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.4 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $23.48 whereas the lowest price it dropped to was $22.82. The 52-week range on HASI shows that it touched its highest point at $39.67 and its lowest point at $13.22 during that stretch. It currently has a 1-year price target of $31.70. With its current market cap of 2.60 billion, HASI has annualized dividend of $1.58 while the current yield stands at 6.79%. Beta for the stock currently stands at 1.82.
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 21.94%, but this was up by 32.54% over a month. Three-month performance surged to 19.82% while six-month performance fell -8.86%. The stock lost -24.81% in the past year, while it has lost -19.46% so far this year. A look at the trailing 12-month EPS for HASI yields 0.36 with Next year EPS estimates of 2.34. For the next quarter, that number is 0.59. This implies an EPS growth rate of 7.30% for this year and 4.74% 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 -4.61%.
Float and Shares Shorts:
At present, 111.30 million HASI shares are outstanding with a float of 108.69 million shares on hand for trading. On Oct 30, 2023, short shares totaled 16.74 million, which was 15.06% higher than short shares on Sep 28, 2023. In addition to Mr. Jeffrey Walter Eckel as the firm’s Executive Chairman, Mr. Jeffrey A. Lipson serves as its President, CEO & Director.
Through their ownership of 85.13% of HASI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 72.28% of HASI, in contrast to 41.98% held by mutual funds. Shares owned by individuals account for 2.82%. As the largest shareholder in HASI with 15.29% of the stake, BlackRock Fund Advisors holds 16,405,303 shares worth 16,405,303. A second-largest stockholder of HASI, The Vanguard Group, Inc., holds 11,715,664 shares, controlling over 10.92% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in HASI, holding 10,317,744 shares or 9.62% stake. With a 6.72% stake in HASI, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 7,207,394 shares are owned by the mutual fund manager. The Handelsbanken Hallbar Energi, which owns about 3.17% of HASI stock, is the second-largest Mutual Fund holder. It holds 3,400,099 shares valued at 58.28 million. Vanguard Total Stock Market ETF holds 3.14% of the stake in HASI, owning 3,363,479 shares worth 57.65 million.
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 $48.00 and a low target of $23.00, the average target price over the next 12 months is $31.70. Based on these targets, HASI could surge 105.66% to reach the target high and fall by -1.46% to reach the target low. Reaching the average price target will result in a growth of 35.82% from current levels.
Summary of Insider Activity:
Insiders traded HASI stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 12,376 shares were bought while 0 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 54,463 while 18,702 shares were sold.