Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) To Go Ex-Dividend on October 3rd

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASIGet Rating) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Tuesday, October 4th will be paid a dividend of 0.375 per share by the real estate investment trust on Tuesday, October 11th. This represents a $1.50 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Monday, October 3rd.

Hannon Armstrong Sustainable Infrastructure Capital has a dividend payout ratio of 67.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 76.9%.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 4.9 %

Shares of NYSE:HASI traded up $1.88 during mid-day trading on Friday, reaching $40.00. 1,323,810 shares of the stock were exchanged, compared to its average volume of 1,594,345. The company has a quick ratio of 18.00, a current ratio of 18.00 and a debt-to-equity ratio of 1.56. The company has a market cap of $3.48 billion, a P/E ratio of 41.24, a P/E/G ratio of 2.04 and a beta of 1.62. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $28.68 and a one year high of $65.74. The stock’s 50 day simple moving average is $36.36 and its 200-day simple moving average is $40.46.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASIGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 10.80% and a net margin of 38.63%. During the same quarter in the prior year, the firm earned $0.37 earnings per share. As a group, equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley reduced their price target on Hannon Armstrong Sustainable Infrastructure Capital from $66.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, June 13th. B. Riley increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, April 22nd. Finally, StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Monday, May 16th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and an average target price of $61.50.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Jeffrey Lipson purchased 3,000 shares of the firm’s stock in a transaction dated Friday, May 13th. The shares were bought at an average price of $37.18 per share, for a total transaction of $111,540.00. Following the purchase, the chief financial officer now owns 30,737 shares in the company, valued at approximately $1,142,801.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Jeffrey Lipson acquired 3,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Friday, May 13th. The shares were acquired at an average price of $37.18 per share, for a total transaction of $111,540.00. Following the transaction, the chief financial officer now directly owns 30,737 shares of the company’s stock, valued at approximately $1,142,801.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Eckel acquired 2,668 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Friday, May 13th. The shares were purchased at an average price of $37.41 per share, for a total transaction of $99,809.88. Following the transaction, the chief executive officer now directly owns 535,507 shares in the company, valued at $20,033,316.87. The disclosure for this purchase can be found here. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 7,833,390 shares of the real estate investment trust’s stock valued at $371,538,000 after buying an additional 86,269 shares in the last quarter. Invesco Ltd. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.4% in the 1st quarter. Invesco Ltd. now owns 1,653,220 shares of the real estate investment trust’s stock valued at $78,413,000 after buying an additional 69,148 shares in the last quarter. State Street Corp increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.0% in the 1st quarter. State Street Corp now owns 1,612,466 shares of the real estate investment trust’s stock valued at $76,479,000 after buying an additional 61,759 shares in the last quarter. Federated Hermes Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 54.4% in the 1st quarter. Federated Hermes Inc. now owns 743,274 shares of the real estate investment trust’s stock valued at $35,253,000 after buying an additional 261,979 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 597,608 shares of the real estate investment trust’s stock valued at $28,345,000 after buying an additional 14,411 shares in the last quarter. 77.94% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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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 building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), 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 Sustainable Infrastructure Capital (NYSE:HASI)

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