Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Shares Gap Up After Dividend Announcement

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report)'s share price gapped up prior to trading on Friday after the company announced a dividend. The stock had previously closed at $27.93, but opened at $30.86. Hannon Armstrong Sustainable Infrastructure Capital shares last traded at $29.25, with a volume of 439,499 shares trading hands.

The newly announced dividend which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a $0.42 dividend. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.77%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 93.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Truist Financial began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a "buy" rating and a $40.00 price objective for the company. Bank of America began 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 target on the stock. The Goldman Sachs Group reduced their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 4.0 %

The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $3.45 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95. The company has a 50-day moving average price of $27.80 and a 200 day moving average price of $30.79.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HASI. FMR LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 393.3% in the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock valued at $152,624,000 after purchasing an additional 4,535,345 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth about $73,622,000. Norges Bank acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $30,557,000. Wellington Management Group LLP boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock valued at $379,790,000 after buying an additional 949,253 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2,466.7% in the 4th quarter. Tidal Investments LLC now owns 699,275 shares of the real estate investment trust's stock worth $18,762,000 after buying an additional 672,031 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.