Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Declares $0.38 Quarterly Dividend

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASIGet Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Tuesday, October 4th will be paid a dividend of 0.375 per share by the real estate investment trust on Tuesday, October 11th. This represents a $1.50 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Monday, October 3rd.

Hannon Armstrong Sustainable Infrastructure Capital has a payout ratio of 67.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 76.9%.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 4.9 %

Shares of NYSE:HASI opened at $40.00 on Friday. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $28.68 and a 12-month high of $65.74. The company has a market capitalization of $3.48 billion, a PE ratio of 41.24, a PEG ratio of 2.04 and a beta of 1.62. The business has a 50 day moving average of $36.36 and a two-hundred day moving average of $40.46. The company has a current ratio of 18.00, a quick ratio of 18.00 and a debt-to-equity ratio of 1.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASIGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 10.80% and a net margin of 38.63%. During the same period in the prior year, the firm earned $0.37 earnings per share. As a group, analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 1.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HASI. B. Riley boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, April 22nd. StockNews.com upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Monday, May 16th. Finally, Morgan Stanley cut their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $66.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, June 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Insider Buying and Selling

In other news, CEO Jeffrey Eckel purchased 2,668 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average cost of $37.41 per share, for a total transaction of $99,809.88. Following the completion of the transaction, the chief executive officer now owns 535,507 shares of the company’s stock, valued at $20,033,316.87. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Jeffrey Lipson bought 3,000 shares of the company’s stock in a transaction on Friday, May 13th. The stock was bought at an average cost of $37.18 per share, for a total transaction of $111,540.00. Following the acquisition, the chief financial officer now directly owns 30,737 shares in the company, valued at $1,142,801.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Eckel bought 2,668 shares of the company’s stock in a transaction on Friday, May 13th. The stock was bought at an average price of $37.41 per share, with a total value of $99,809.88. Following the completion of the acquisition, the chief executive officer now owns 535,507 shares in the company, valued at $20,033,316.87. The disclosure for this purchase can be found here. 3.40% of the stock is owned by company insiders.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Several large investors have recently added to or reduced their stakes in HASI. Federated Hermes Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 54.4% in the 1st quarter. Federated Hermes Inc. now owns 743,274 shares of the real estate investment trust’s stock valued at $35,253,000 after buying an additional 261,979 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 73.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 531,395 shares of the real estate investment trust’s stock valued at $25,204,000 after purchasing an additional 225,136 shares during the last quarter. Eaton Vance Management acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at $6,533,000. Renaissance Technologies LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at $5,649,000. Finally, Vanguard Group Inc. lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 7,833,390 shares of the real estate investment trust’s stock valued at $371,538,000 after purchasing an additional 86,269 shares during the last quarter. 77.94% of the stock is currently owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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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 building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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Dividend History for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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