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Wednesday, December 6, 2023

What Are The Chances Of Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) shows that investor sentiment remained same, with the stock’s consolidated last price to $23.22. The Hannon Armstrong Sustainable Infrastructure capital Inc has recorded 51,830 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that HASI Adopts Tax Benefit Preservation Plan for Net Operating Losses.

Stocks Info

As a NYSE listed company, HASI falls under the Real Estate sector while operating within the REIT – Specialty industry segment. At the end of the last regular session, the stock closed at $23.22 and fluctuated between $23.79 as its day high and $22.33 as its day low. The current market capitalization of Hannon Armstrong Sustainable Infrastructure capital Inc is $2.58B. A total of 1.62 million shares were traded on the day, compared to an average of 2.40M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, HASI has seen 11 BUY and 0 SELL insider trades, representing the acquisition of 34,376 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 4 SELLs from insiders. Insiders purchased 54,463 shares during that period but sold 18,702.

In the most recent transaction, Pangburn Marc T. bought 5,000 shares of HASI for 21.09 per share on Aug 21. After the transaction, the Chief Financial Officer now owns 53,291 company shares. In a previous transaction on Aug 21, Lipson Jeffrey bought 4,000 shares at 21.09 per share. HASI shares that Chief Executive Officer owns now total 36,925.

Among the insiders who bought shares, Santoroski Richard acquired of 2,500 shares on Aug 21 at a per-share price of $20.46. This resulted in the EVP and Chief Risk Officer holding 2,500 shares of HASI after the transaction. In another insider transaction, Eckel Jeffrey bought 2,525 shares at $19.76 per share on Aug 21. Company shares held by the Executive Chair now total 19,162.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Hannon Armstrong Sustainable Infrastructure capital Inc pays an annual dividend of $1.58, resulting in a dividend yield of 6.82%, and it has a price to earnings (P/E) ratio of 63.88. HASI’s most recent ex-dividend date was 12/28/2023 when it declared a $0.3950 quarterly dividend that was paid in cash on 1/12/2024. Previously, the company paid the dividend on 10/11/2023 with an ex-dividend date of 10/3/2023. The HASI stock dividend was $0.3950 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for HASI in the last 3 months, the mean price target is $31.70 with high estimates of $48.00 and low estimates of $23.00. In terms of 52-week highs and lows, HASI has a high of $39.67 and a low of $13.22.

As of this writing, HASI has an earnings estimate of $0.55 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.61 per share and a lower estimate of $0.48.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $18.47, while its Total Shareholder’s Equity was $1.57B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HASI is Buy with a score of 4.56.

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