Hannon Armstrong Sustainable Infrastructure Capital, Inc. Expected to Post Q1 2024 Earnings of $0.46 Per Share (NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) – B. Riley cut their Q1 2024 earnings per share estimates for shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note issued to investors on Monday, April 22nd. B. Riley analyst C. Souther now expects that the real estate investment trust will post earnings of $0.46 per share for the quarter, down from their previous forecast of $0.55. B. Riley currently has a “Buy” rating and a $44.00 price objective on the stock. The consensus estimate for Hannon Armstrong Sustainable Infrastructure Capital’s current full-year earnings is $2.19 per share. B. Riley also issued estimates for Hannon Armstrong Sustainable Infrastructure Capital’s Q2 2024 earnings at $0.57 EPS, Q3 2024 earnings at $0.58 EPS, Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $2.20 EPS and FY2025 earnings at $2.47 EPS.

Several other research analysts have also weighed in on HASI. Morgan Stanley boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Mizuho lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. The Goldman Sachs Group lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Bank of America lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, TheStreet upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 2.2 %

NYSE:HASI opened at $25.99 on Thursday. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 0.99 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $13.22 and a twelve month high of $29.88. The stock’s 50 day moving average price is $25.96 and its two-hundred day moving average price is $24.11. The company has a quick ratio of 19.42, a current ratio of 19.42 and a debt-to-equity ratio of 1.98.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 706.6% during the 3rd quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,074 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,047 shares in the last quarter. Westside Investment Management Inc. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $34,000. Scarborough Advisors LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $40,000. Finally, Addison Advisors LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 56.7% during the 4th quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 713 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a $0.415 dividend. The ex-dividend date was Thursday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a yield of 6.39%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 123.88%.

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.