Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) announced a quarterly dividend on Monday, June 8th, Wall Street Journal reports. Investors of record on Thursday, July 2nd will be paid a dividend of 0.34 per share by the real estate investment trust on Thursday, July 9th. This represents a $1.36 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Wednesday, July 1st.
Hannon Armstrong Sustnbl Infrstr Cap has a payout ratio of 93.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Hannon Armstrong Sustnbl Infrstr Cap to earn $1.30 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 104.6%.
Shares of HASI opened at $28.19 on Tuesday. The company has a 50-day simple moving average of $28.99 and a 200-day simple moving average of $29.77. The company has a quick ratio of 26.82, a current ratio of 26.82 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $2.00 billion, a PE ratio of 21.52, a P/E/G ratio of 8.32 and a beta of 1.53. Hannon Armstrong Sustnbl Infrstr Cap has a 52-week low of $15.01 and a 52-week high of $39.91.
Several equities analysts have weighed in on HASI shares. Oppenheimer restated a “buy” rating and set a $42.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap in a report on Wednesday, June 24th. JPMorgan Chase & Co. raised their target price on shares of Hannon Armstrong Sustnbl Infrstr Cap from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Bank of America raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, March 24th. Morgan Stanley decreased their price target on shares of Hannon Armstrong Sustnbl Infrstr Cap from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 17th. Finally, B. Riley initiated coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Friday, June 12th. They set a “buy” rating and a $39.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $36.25.
In related news, EVP Nathaniel Rose sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $29.03, for a total value of $290,300.00. Following the sale, the executive vice president now directly owns 216,922 shares of the company’s stock, valued at $6,297,245.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP J Brendan Herron sold 19,750 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $27.75, for a total transaction of $548,062.50. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
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 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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