Hannon Armstrong Sustainable Infrastructure Capital, Inc. Declares Quarterly Dividend of $0.33 (HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) announced a quarterly dividend on Wednesday, December 13th, Wall Street Journal reports. Shareholders of record on Tuesday, December 26th will be given a dividend of 0.33 per share by the real estate investment trust on Thursday, January 11th. This represents a $1.32 annualized dividend and a yield of 5.58%. The ex-dividend date is Friday, December 22nd.

Hannon Armstrong Sustainable Infrastructure Capital has increased its dividend by an average of 81.7% per year over the last three years and has increased its dividend every year for the last 3 years. Hannon Armstrong Sustainable Infrastructure Capital has a dividend payout ratio of 123.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $1.16 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 113.8%.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE HASI) traded up $0.45 during midday trading on Wednesday, reaching $23.67. The company’s stock had a trading volume of 297,239 shares, compared to its average volume of 321,810. The company has a market cap of $1,233.28, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.73 and a beta of 0.93. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.74 and a quick ratio of 2.74. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $18.02 and a 12-month high of $25.28.

In related news, CFO J Brendan Herron sold 11,063 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $23.96, for a total transaction of $265,069.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $23.51, for a total value of $117,550.00. The disclosure for this sale can be found here. Insiders have sold a total of 24,063 shares of company stock worth $571,259 in the last ninety days. Insiders own 5.40% of the company’s stock.

Several equities research analysts have commented on HASI shares. BidaskClub cut Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Cowen set a $28.00 price target on Hannon Armstrong Sustainable Infrastructure Capital and gave the stock a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Roth Capital set a $28.00 price target on Hannon Armstrong Sustainable Infrastructure Capital and gave the stock a “buy” rating in a research report on Saturday, November 25th. Finally, Oppenheimer boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.88.

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About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Dividend History for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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