Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) Expected to Announce Quarterly Sales of $11.35 Million

Equities analysts expect Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) to report $11.35 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Hannon Armstrong Sustainable Infrastructure Capital’s earnings. The lowest sales estimate is $9.20 million and the highest is $13.60 million. Hannon Armstrong Sustainable Infrastructure Capital posted sales of $10.81 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The company is expected to issue its next quarterly earnings report on Wednesday, August 2nd.

On average, analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will report full-year sales of $11.35 million for the current year, with estimates ranging from $39.00 million to $52.20 million. For the next fiscal year, analysts anticipate that the company will report sales of $56.44 million per share, with estimates ranging from $40.00 million to $66.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Hannon Armstrong Sustainable Infrastructure Capital.

Several equities analysts have recently commented on HASI shares. FBR & Co reiterated a “buy” rating and set a $26.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, June 30th. BidaskClub cut Hannon Armstrong Sustainable Infrastructure Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, May 5th. Roth Capital set a $25.00 target price on Hannon Armstrong Sustainable Infrastructure Capital and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.38.

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In other Hannon Armstrong Sustainable Infrastructure Capital news, EVP Daniel K. Mcmahon sold 5,000 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $22.22, for a total value of $111,100.00. Following the sale, the executive vice president now directly owns 268,167 shares of the company’s stock, valued at $5,958,670.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Nathaniel Rose sold 6,000 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $22.39, for a total value of $134,340.00. Following the completion of the sale, the chief operating officer now directly owns 303,506 shares in the company, valued at $6,795,499.34. The disclosure for this sale can be found here. Corporate insiders own 7.20% of the company’s stock.

Large investors have recently modified their holdings of the company. US Bancorp DE raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.0% in the first quarter. US Bancorp DE now owns 5,398 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 400 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 30,826 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 600 shares during the period. Strs Ohio raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.4% in the first quarter. Strs Ohio now owns 14,200 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 600 shares during the period. Everett Harris & Co. CA raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 9.9% in the first quarter. Everett Harris & Co. CA now owns 16,600 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 1,500 shares during the period. Finally, Global X Management Co. LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 10.2% in the first quarter. Global X Management Co. LLC now owns 18,531 shares of the real estate investment trust’s stock worth $374,000 after buying an additional 1,717 shares during the period. 70.69% of the stock is currently owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) traded up 0.57% during mid-day trading on Friday, reaching $22.89. 85,909 shares of the company’s stock were exchanged. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $18.02 and a 52 week high of $25.21. The company’s 50 day moving average price is $22.77 and its 200-day moving average price is $20.53. The company has a market capitalization of $1.15 billion, a P/E ratio of 58.24 and a beta of 0.96.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Thursday, July 6th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.80%. The ex-dividend date was Monday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 330.00%.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

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