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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) announced a quarterly dividend on Thursday, February 15th, Zacks reports. Shareholders of record on Friday, April 5th will be paid a dividend of 0.415 per share by the real estate investment trust on Friday, April 19th. This represents a $1.66 annualized dividend and a yield of 5.92%. The ex-dividend date is Thursday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40.

Hannon Armstrong Sustainable Infrastructure Capital has raised its dividend payment by an average of 5.1% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Hannon Armstrong Sustainable Infrastructure Capital has a dividend payout ratio of 59.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $2.41 per share next year, which means the company should continue to be able to cover its $1.58 annual dividend with an expected future payout ratio of 65.6%.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI opened at $28.06 on Tuesday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.25 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $13.22 and a 1-year high of $29.88. The company has a current ratio of 19.42, a quick ratio of 19.42 and a debt-to-equity ratio of 1.98. The business has a 50-day moving average price of $25.19 and a two-hundred day moving average price of $23.52.

Analysts Set New Price Targets

HASI has been the subject of several recent research reports. The Goldman Sachs Group boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. B. Riley raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Mizuho raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Morgan Stanley raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Finally, TheStreet upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.89.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after purchasing an additional 713,519 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 22.5% in the second quarter. BlackRock Inc. now owns 8,702,176 shares of the real estate investment trust’s stock valued at $217,554,000 after purchasing an additional 1,599,641 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 14.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,856,866 shares of the real estate investment trust’s stock valued at $111,772,000 after purchasing an additional 498,044 shares in the last quarter. Amundi lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 58.8% in the fourth quarter. Amundi now owns 2,898,675 shares of the real estate investment trust’s stock valued at $85,859,000 after purchasing an additional 1,073,727 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the second quarter. State Street Corp now owns 2,162,923 shares of the real estate investment trust’s stock valued at $54,073,000 after purchasing an additional 300,785 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

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.