Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) declared a quarterly dividend on Friday, February 22nd, Wall Street Journal reports. Stockholders of record on Wednesday, April 3rd will be paid a dividend of 0.335 per share by the real estate investment trust on Thursday, April 11th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Tuesday, April 2nd. This is an increase from Hannon Armstrong Sustnbl Infrstr Cap’s previous quarterly dividend of $0.33.

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 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. 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 HASI opened at $25.82 on Thursday. The stock has a market capitalization of $1.62 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 9.91 and a beta of 1.09. Hannon Armstrong Sustnbl Infrstr Cap has a fifty-two week low of $17.76 and a fifty-two week high of $25.89. The company has a debt-to-equity ratio of 1.54, a quick ratio of 26.46 and a current ratio of 26.46.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last issued its earnings results on Thursday, February 21st. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Hannon Armstrong Sustnbl Infrstr Cap had a return on equity of 9.65% and a net margin of 30.17%. The company had revenue of $19.74 million for the quarter, compared to the consensus estimate of $14.65 million. On average, sell-side analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will post 1.18 EPS for the current fiscal year.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Daniel K. Mcmahon sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $24.73, for a total transaction of $123,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nathaniel Rose sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $25.29, for a total value of $252,900.00. Following the sale, the executive vice president now directly owns 300,654 shares of the company’s stock, valued at approximately $7,603,539.66. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.

A number of equities analysts recently commented on the company. B. Riley restated a “buy” rating and issued a $26.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap in a report on Friday, December 28th. UBS Group downgraded Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $22.00 to $23.00 in a report on Friday, November 30th. Zacks Investment Research upgraded Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a report on Friday, March 1st. FBR & Co set a $26.00 price objective on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a report on Thursday, December 20th. Finally, ValuEngine upgraded Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Hannon Armstrong Sustnbl Infrstr Cap currently has a consensus rating of “Buy” and a consensus price target of $26.00.

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Hannon Armstrong Sustnbl Infrstr Cap Company Profile

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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Dividend History for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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