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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) announced a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Wednesday, July 3rd will be given a dividend of 0.415 per share by the real estate investment trust on Friday, July 12th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Hannon Armstrong Sustainable Infrastructure Capital has increased its dividend by an average of 221.2% per year over the last three years. Hannon Armstrong Sustainable Infrastructure Capital has a dividend payout ratio of 61.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $2.44 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 68.0%.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $28.71 on Tuesday. The company’s 50-day moving average price is $30.32 and its 200-day moving average price is $27.29. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $13.22 and a twelve month high of $33.99. The company has a quick ratio of 15.61, a current ratio of 15.60 and a debt-to-equity ratio of 1.87. The company has a market cap of $3.27 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.98.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HASI shares. StockNews.com upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Oppenheimer reiterated an “outperform” rating and set a $48.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, May 16th. B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Tuesday, June 25th. Bank of America upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.82.

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.