Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) closed Wednesday at $30.96 per share, down from $31.97 a day earlier. While Hannon Armstrong Sustainable Infrastructure Capital Inc. has underperformed by -3.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HASI fell by -49.13%, with highs and lows ranging from $61.69 to $21.56, whereas the simple moving average fell by -18.06% in the last 200 days.
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On February 15, 2022, UBS Upgraded Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) to Buy. A report published by Berenberg on October 14, 2021, Initiated its previous ‘Buy’ rating for HASI. BofA Securities April 29, 2021d the rating to Underperform on April 29, 2021, and set its price target from $63 to $54. B. Riley Securities resumed its ‘Buy’ rating for HASI, as published in its report on November 12, 2020. BofA Securities’s report from August 13, 2020 suggests a price prediction of $39 for HASI shares, giving the stock a ‘Neutral’ rating. BTIG Research also rated the stock as ‘Buy’.
Analysis of Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI)
The current dividend for HASI investors is set at $1.50 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 23.10%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Hannon Armstrong Sustainable Infrastructure Capital Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 7.80% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and HASI is recording an average volume of 829.38K. On a monthly basis, the volatility of the stock is set at 5.05%, whereas on a weekly basis, it is put at 4.08%, with a loss of -0.26% over the past seven days. Furthermore, long-term investors anticipate a median target price of $48.56, showing growth from the present price of $30.96, which can serve as yet another indication of whether HASI is worth investing in or should be passed over.
How Do You Analyze Hannon Armstrong Sustainable Infrastructure Capital Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in HASI shares?
The recent increase in stakes in HASI appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in HASI has increased by 0.56% in the first quarter. The company now owns 7,927,331 shares of the stock, with a value of $215.46 million, following the purchase of 43,809 additional shares during the last quarter. Wellington Management Co. LLP made another increased to its shares in HASI during the first quarter, upping its stake by 20.98%. During the last quarter, the company dropped down 1,289,735 additional shares for a total stake of worth $202.16 million, bringing number of shares owned by the company to 7,437,874.
At the end of the first quarter, Handelsbanken Fonder AB increased its HASI holdings by 52.45% and now holds 2.48 million HASI shares valued at $67.46 million with the added 0.85 million shares during the period. HASI shares are owned by institutional investors to the tune of 95.50% at present.