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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASIGet Free Report) announced a quarterly dividend on Thursday, February 15th, Zacks reports. Investors of record on Friday, April 5th will be given a dividend of 0.415 per share by the real estate investment trust on Friday, April 19th. This represents a $1.66 annualized dividend and a yield of 6.10%. The ex-dividend date is Thursday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40.

Hannon Armstrong Sustainable Infrastructure Capital has increased its dividend by an average of 5.1% annually over the last three years and has raised its dividend every year for the last 6 years. Hannon Armstrong Sustainable Infrastructure Capital has a dividend payout ratio of 59.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $2.41 per share next year, which means the company should continue to be able to cover its $1.58 annual dividend with an expected future payout ratio of 65.6%.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 3.1 %

Shares of NYSE HASI opened at $27.20 on Wednesday. The company has a market capitalization of $3.09 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.23 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $13.22 and a 52-week high of $29.88. The company has a debt-to-equity ratio of 1.98, a quick ratio of 19.42 and a current ratio of 19.42. The company’s 50 day moving average price is $25.27 and its 200-day moving average price is $23.53.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Several institutional investors have recently made changes to their positions in the company. American International Group Inc. boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.6% in the 4th quarter. American International Group Inc. now owns 57,867 shares of the real estate investment trust’s stock worth $1,596,000 after buying an additional 893 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.2% in the fourth quarter. Legal & General Group Plc now owns 305,167 shares of the real estate investment trust’s stock worth $8,417,000 after buying an additional 9,492 shares in the last quarter. Barclays PLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 110.4% in the fourth quarter. Barclays PLC now owns 213,936 shares of the real estate investment trust’s stock worth $5,899,000 after purchasing an additional 112,263 shares during the last quarter. Perpetual Ltd increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2,485.7% in the fourth quarter. Perpetual Ltd now owns 571,750 shares of the real estate investment trust’s stock worth $15,769,000 after purchasing an additional 549,638 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock worth $348,009,000 after purchasing an additional 713,519 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Analyst Ratings Changes

HASI has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. Morgan Stanley boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Mizuho lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. The Goldman Sachs Group lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Finally, Bank of America lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Moderate Buy” and a consensus price target of $31.89.

Read Our Latest Stock Report on HASI

About Hannon Armstrong Sustainable Infrastructure Capital

(Get Free Report)

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.

See Also

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

Receive News & Ratings for Hannon Armstrong Sustainable Infrastructure Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hannon Armstrong Sustainable Infrastructure Capital and related companies with MarketBeat.com's FREE daily email newsletter.