B. Riley Equities Analysts Reduce Earnings Estimates for Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) – Equities research analysts at B. Riley dropped their Q1 2024 earnings per share estimates for Hannon Armstrong Sustainable Infrastructure Capital in a research note issued on Monday, April 22nd. B. Riley analyst C. Souther now forecasts that the real estate investment trust will post earnings of $0.46 per share for the quarter, down from their prior forecast of $0.55. B. Riley currently has a “Buy” rating and a $44.00 price objective on the stock. The consensus estimate for Hannon Armstrong Sustainable Infrastructure Capital’s current full-year earnings is $2.20 per share. B. Riley also issued estimates for Hannon Armstrong Sustainable Infrastructure Capital’s Q2 2024 earnings at $0.57 EPS, Q3 2024 earnings at $0.58 EPS, Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $2.20 EPS and FY2025 earnings at $2.47 EPS.

HASI has been the topic of a number of other research reports. Bank of America boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. 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 research note on Friday, February 16th. Morgan Stanley boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Mizuho boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 1.2 %

Shares of HASI opened at $25.94 on Thursday. The stock’s 50-day moving average is $25.94 and its two-hundred day moving average is $24.08. The stock has a market cap of $2.95 billion, a PE ratio of 19.36, a P/E/G ratio of 0.97 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $13.22 and a 12 month high of $29.88. The company has a debt-to-equity ratio of 1.98, a current ratio of 19.42 and a quick ratio of 19.42.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a $0.415 dividend. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.66 annualized dividend and a dividend yield of 6.40%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 123.88%.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently bought and sold shares of HASI. CWM LLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 83.4% in the third quarter. CWM LLC now owns 3,611 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,642 shares during the last quarter. DnB Asset Management AS increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 37.2% in the third quarter. DnB Asset Management AS now owns 14,875 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 4,030 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at about $1,414,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 61.7% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 48,316 shares of the real estate investment trust’s stock valued at $1,024,000 after buying an additional 18,444 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 116,160 shares of the real estate investment trust’s stock valued at $2,463,000 after purchasing an additional 27,484 shares during the last quarter. 96.14% of the stock is owned by 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.