Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) declared a quarterly dividend on Thursday, September 13th, Wall Street Journal reports. Investors of record on Wednesday, October 3rd will be paid a dividend of 0.33 per share by the real estate investment trust on Thursday, October 11th. This represents a $1.32 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date of this dividend is Tuesday, October 2nd.
Hannon Armstrong Sustnbl Infrstr Cap has increased its dividend payment by an average of 14.5% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Hannon Armstrong Sustnbl Infrstr Cap has a payout ratio of 120.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Hannon Armstrong Sustnbl Infrstr Cap to earn $1.12 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 117.9%.
Shares of HASI opened at $21.32 on Thursday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.99 and a beta of 0.91. The company has a debt-to-equity ratio of 2.24, a current ratio of 41.26 and a quick ratio of 41.26. Hannon Armstrong Sustnbl Infrstr Cap has a 52-week low of $17.33 and a 52-week high of $25.28.
A number of equities analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Hannon Armstrong Sustnbl Infrstr Cap from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 11th. ValuEngine upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Zacks Investment Research upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. B. Riley set a $26.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research report on Friday, August 3rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Thursday, June 14th. They issued an “overweight” rating and a $23.00 target price for the company. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $25.25.
In other news, EVP Daniel K. Mcmahon sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $20.45, for a total transaction of $122,700.00. Following the completion of the transaction, the executive vice president now owns 307,571 shares in the company, valued at approximately $6,289,826.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.30% of the company’s stock.
About Hannon Armstrong Sustnbl Infrstr Cap
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 enhancing or installing various building components, 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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