Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Raises Dividend to $0.42 Per Share

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend 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% per year over the last three years. Hannon Armstrong Sustainable Infrastructure Capital has a payout ratio of 57.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 %

Shares of NYSE:HASI opened at $29.02 on Wednesday. The business’s 50 day moving average is $28.51 and its 200 day moving average is $30.18. The stock has a market cap of $3.46 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $24.00 and a 52-week high of $36.56. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83.

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

Wall Street Analyst Weigh In

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