Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) declared a quarterly dividend on Thursday, September 12th, Zacks reports. Stockholders of record on Thursday, October 3rd will be paid a dividend of 0.335 per share by the real estate investment trust on Thursday, October 10th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Wednesday, October 2nd.
Hannon Armstrong Sustnbl Infrstr Cap has raised its dividend payment by an average of 8.3% annually over the last three years. Hannon Armstrong Sustnbl Infrstr Cap has a dividend payout ratio of 121.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Hannon Armstrong Sustnbl Infrstr Cap to earn $1.24 per share next year, which means the company may not be able to cover its $1.34 annual dividend with an expected future payout ratio of 108.1%.
Shares of Hannon Armstrong Sustnbl Infrstr Cap stock opened at $27.95 on Friday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 10.81 and a beta of 1.02. The business has a 50-day moving average price of $27.53 and a 200-day moving average price of $26.69. The company has a quick ratio of 23.23, a current ratio of 23.23 and a debt-to-equity ratio of 1.24. Hannon Armstrong Sustnbl Infrstr Cap has a twelve month low of $18.83 and a twelve month high of $28.67.
Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.04). The firm had revenue of $16.40 million for the quarter, compared to analysts’ expectations of $16.55 million. Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 37.56% and a return on equity of 8.75%. On average, equities analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will post 1.17 EPS for the current fiscal year.
In other Hannon Armstrong Sustnbl Infrstr Cap news, insider Jeffrey Eckel purchased 1,891 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $26.99 per share, with a total value of $51,038.09. Following the acquisition, the insider now owns 641,452 shares in the company, valued at $17,312,789.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven Chuslo sold 11,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.27, for a total transaction of $299,970.00. Following the completion of the transaction, the executive vice president now directly owns 303,404 shares of the company’s stock, valued at approximately $8,273,827.08. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
A number of research analysts have recently weighed in on HASI shares. Zacks Investment Research lowered Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. ValuEngine downgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $27.43.
About Hannon Armstrong Sustnbl Infrstr Cap
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 the use of solar generation, 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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