Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Declares Quarterly Dividend of $0.42

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) announced a quarterly dividend on Monday, August 5th, Wall Street Journal reports. Stockholders of record on Friday, October 4th will be given a dividend of 0.415 per share by the real estate investment trust on Friday, October 18th. This represents a $1.66 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Friday, October 4th.

Hannon Armstrong Sustainable Infrastructure Capital has increased its dividend payment by an average of 221.2% annually over the last three years. Hannon Armstrong Sustainable Infrastructure Capital has a dividend payout ratio of 61.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $2.44 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 68.0%.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 3.9 %

NYSE:HASI traded down $1.21 during midday trading on Monday, hitting $29.93. 1,407,407 shares of the company were exchanged, compared to its average volume of 1,096,978. The company has a fifty day simple moving average of $31.36 and a 200 day simple moving average of $28.06. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $13.22 and a fifty-two week high of $34.00. The company has a current ratio of 15.60, a quick ratio of 15.61 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $3.41 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.20 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.34%. During the same period in the previous year, the business posted $0.53 earnings per share. As a group, equities analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HASI. Morgan Stanley boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Tuesday, June 25th. JPMorgan Chase & Co. boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. The Goldman Sachs Group boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, StockNews.com raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and an average target price of $36.00.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.