Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Declares $0.42 Quarterly Dividend

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Monday, December 30th will be paid a dividend of 0.415 per share by the real estate investment trust on Friday, January 10th. This represents a $1.66 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend is Monday, December 30th.

Hannon Armstrong Sustainable Infrastructure Capital has raised its dividend payment by an average of 221.2% annually over the last three years. Hannon Armstrong Sustainable Infrastructure Capital has a payout ratio of 63.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 10.9 %

Shares of NYSE:HASI traded down $3.49 during midday trading on Friday, reaching $28.60. The company’s stock had a trading volume of 3,420,709 shares, compared to its average volume of 1,047,390. The firm has a 50 day moving average of $34.06 and a 200-day moving average of $31.93. The firm has a market capitalization of $3.33 billion, a P/E ratio of 13.29, a PEG ratio of 1.20 and a beta of 1.98. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 1.77. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $18.72 and a 12-month high of $36.56.

Analyst Upgrades and Downgrades

HASI has been the topic of several recent analyst reports. Citigroup increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 target price for the company. The Goldman Sachs Group raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Morgan Stanley lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Mizuho lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.83.

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.