Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Posts Quarterly Earnings Results

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) issued its earnings results on Thursday. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02), Zacks reports. 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. Hannon Armstrong Sustainable Infrastructure Capital updated its FY 2027 guidance to 3.150-3.150 EPS.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE:HASI traded up $0.07 during midday trading on Monday, reaching $28.00. The stock had a trading volume of 2,901,118 shares, compared to its average volume of 1,026,720. The firm has a fifty day simple moving average of $27.80 and a two-hundred day simple moving average of $30.79. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $24.00 and a 12-month high of $36.56. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The stock has a market cap of $3.32 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.06 and a beta of 1.95.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 6.00%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 93.26%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a "buy" rating and a $40.00 price objective on the stock. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Monday, November 11th. Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 price objective on the stock. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of "Moderate Buy" and an average target price of $40.23.

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.