Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) To Go Ex-Dividend on April 4th

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Shareholders of record on Friday, April 4th will be given a dividend of 0.42 per share by the real estate investment trust on Friday, April 18th. This represents a $1.68 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date is Friday, April 4th. This is a 1.2% increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42.

Hannon Armstrong Sustainable Infrastructure Capital has raised its dividend payment by an average of 49.5% annually over the last three years. Hannon Armstrong Sustainable Infrastructure Capital has a payout ratio of 57.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 61.8%.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.7 %

HASI opened at $29.02 on Wednesday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. The firm’s fifty day moving average is $28.51 and its 200 day moving average is $30.18. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $24.00 and a fifty-two week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The business had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $25.93 million. On average, sell-side analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HASI. The Goldman Sachs Group reduced their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They set an “overweight” rating and a $33.00 price objective for the company. Truist Financial began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

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.