What is B. Riley’s Forecast for HASI FY2024 Earnings?

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) – Investment analysts at B. Riley issued their FY2024 earnings estimates for shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report issued on Wednesday, February 12th. B. Riley analyst R. Pfingst anticipates that the real estate investment trust will post earnings per share of $2.21 for the year. The consensus estimate for Hannon Armstrong Sustainable Infrastructure Capital’s current full-year earnings is $2.20 per share. B. Riley also issued estimates for Hannon Armstrong Sustainable Infrastructure Capital’s Q4 2024 earnings at $0.54 EPS and FY2025 earnings at $2.41 EPS.

Several other research firms have also recently weighed in on HASI. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Truist Financial assumed coverage on shares of 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. lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. The Goldman Sachs Group lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Finally, Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 4.0 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $29.14 on Monday. The stock has a market cap of $3.45 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.06 and a beta of 1.95. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $24.00 and a twelve month high of $36.56. The company’s 50-day moving average price is $27.80 and its two-hundred day moving average price is $30.79.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly 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). The company had revenue of $37.74 million during the quarter, compared to the consensus estimate of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 59.56% and a return on equity of 11.53%.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 5.77%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 93.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after buying an additional 89,126 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $2,451,000. Harbor Capital Advisors Inc. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 42.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock valued at $1,932,000 after buying an additional 21,446 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after buying an additional 27,529 shares in the last quarter. Finally, Creative Planning acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $548,000. 96.14% of the stock is owned by institutional investors.

About Hannon Armstrong Sustainable Infrastructure Capital

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.