Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) To Go Ex-Dividend on July 3rd

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) announced a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Investors of record on Wednesday, July 3rd will be paid a dividend of 0.415 per share by the real estate investment trust on Friday, July 12th. This represents a $1.66 annualized dividend and a dividend yield of 5.24%. The ex-dividend date is Wednesday, July 3rd.

Hannon Armstrong Sustainable Infrastructure Capital has raised its dividend payment by an average of 221.2% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Hannon Armstrong Sustainable Infrastructure Capital has a payout ratio of 59.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $2.43 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 65.0%.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 3.9 %

HASI traded up $1.20 during midday trading on Thursday, hitting $31.65. 1,092,830 shares of the company were exchanged, compared to its average volume of 998,958. The firm’s 50 day moving average price is $26.09 and its 200-day moving average price is $24.73. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $13.22 and a 1-year high of $31.66. The firm has a market capitalization of $3.60 billion, a P/E ratio of 22.72, a P/E/G ratio of 0.99 and a beta of 1.88. The company has a quick ratio of 19.42, a current ratio of 19.42 and a debt-to-equity ratio of 1.98.

Wall Street Analysts Forecast Growth

HASI has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted 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. Bank of America upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. B. Riley upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, StockNews.com upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.22.

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.