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.
Institutional Ownership:
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.
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 $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.
