Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Announces Dividend Increase – $0.42 Per Share

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) declared a quarterly dividend on Friday, February 14th,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 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42.

Hannon Armstrong Sustainable Infrastructure Capital has increased its dividend by an average of 49.5% annually over the last three years. Hannon Armstrong Sustainable Infrastructure Capital has a dividend payout ratio of 57.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $2.42 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 68.6%.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI opened at $28.00 on Friday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.06 and a beta of 1.95. 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 current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The stock has a 50 day moving average of $27.87 and a 200-day moving average of $30.85.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 59.56% and a return on equity of 11.53%. As a group, analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HASI shares. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. The Goldman Sachs Group cut their price target on 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. JPMorgan Chase & Co. dropped 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 report on Thursday, January 23rd. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 target price for the company. Finally, Truist Financial started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and a consensus price target of $40.23.

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.