Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Announces Quarterly Dividend of $0.42

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Monday, December 30th will be given a dividend of 0.415 per share by the real estate investment trust on Friday, January 10th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend is Monday, December 30th.

Hannon Armstrong Sustainable Infrastructure Capital has raised its dividend by an average of 221.2% annually over the last three years. Hannon Armstrong Sustainable Infrastructure Capital has a dividend payout ratio of 63.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $2.42 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 68.6%.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI traded down $3.49 during mid-day trading on Friday, reaching $28.60. The company had a trading volume of 3,420,709 shares, compared to its average volume of 1,047,390. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $18.72 and a one year high of $36.56. The business's 50-day simple moving average is $34.06 and its 200 day simple moving average is $31.97. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 1.20 and a beta of 1.98.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HASI shares. Mizuho raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Jefferies Financial Group started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They issued a "buy" rating and a $39.00 target price on the stock. Robert W. Baird upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, September 27th. JPMorgan Chase & Co. raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Tuesday, July 16th. Finally, Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an "outperform" rating and a $41.00 target price for the company. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.83.

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.