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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) announced a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Stockholders of record on Friday, April 4th will be paid a dividend of 0.42 per share by the real estate investment trust on Friday, April 18th. This represents a $1.68 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42.

Hannon Armstrong Sustainable Infrastructure Capital has raised its dividend by an average of 49.5% per year over the last three years. Hannon Armstrong Sustainable Infrastructure Capital has a dividend payout ratio of 57.4% meaning its dividend is sufficiently covered by earnings. Research 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 up $0.13 on Tuesday, hitting $28.15. The stock had a trading volume of 248,860 shares, compared to its average volume of 1,084,667. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $24.00 and a twelve month high of $36.56. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The firm's 50 day moving average price is $27.80 and its 200-day moving average price is $30.79. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 59.56% and a return on equity of 11.53%. The firm had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. On average, equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on HASI. The Goldman Sachs Group reduced their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a "buy" rating and a $40.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a "buy" rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.23.

About Hannon Armstrong Sustainable Infrastructure Capital

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.