News coverage about Hannon Armstrong (NYSE:HASI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hannon Armstrong earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 44.5382436201649 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Hannon Armstrong from a “hold” rating to a “strong sell” rating in a research note on Friday, April 6th. UBS assumed coverage on shares of Hannon Armstrong in a research note on Thursday, March 15th. They issued a “buy” rating and a $21.00 price target on the stock. Cowen set a $28.00 price target on shares of Hannon Armstrong and gave the company a “buy” rating in a research note on Thursday, February 22nd. Robert W. Baird reissued an “outperform” rating and issued a $26.00 price target (down previously from $30.00) on shares of Hannon Armstrong in a research note on Thursday, February 22nd. Finally, B. Riley set a $26.00 price target on shares of Hannon Armstrong and gave the company a “buy” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $26.25.
Hannon Armstrong stock opened at $19.18 on Thursday. Hannon Armstrong has a 1 year low of $17.33 and a 1 year high of $25.28. The firm has a market capitalization of $1,030.16, a P/E ratio of 18.27, a P/E/G ratio of 2.57 and a beta of 0.85. The company has a debt-to-equity ratio of 2.22, a quick ratio of 40.96 and a current ratio of 40.96.
Hannon Armstrong (NYSE:HASI) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Hannon Armstrong had a return on equity of 8.84% and a net margin of 29.23%. The business had revenue of $8.35 million for the quarter, compared to analyst estimates of $9.86 million. analysts forecast that Hannon Armstrong will post 1.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 12th. Shareholders of record on Wednesday, April 4th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, April 3rd. This represents a $1.32 annualized dividend and a yield of 6.88%. Hannon Armstrong’s dividend payout ratio (DPR) is presently 125.71%.
In other Hannon Armstrong news, insider Jeffrey Eckel bought 15,000 shares of the stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $18.94 per share, with a total value of $284,100.00. Following the purchase, the insider now directly owns 707,618 shares in the company, valued at approximately $13,402,284.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.40% of the company’s stock.
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About Hannon Armstrong
Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.
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