Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02), Zacks reports. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.53% and a net margin of 59.56%. Hannon Armstrong Sustainable Infrastructure Capital updated its FY 2027 guidance to 3.150-3.150 EPS.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI traded up $0.07 during trading hours on Friday, hitting $28.00. 2,901,118 shares of the stock were exchanged, compared to its average volume of 1,026,720. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The company has a market cap of $3.32 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95. The company’s fifty day simple moving average is $27.87 and its two-hundred day simple moving average is $30.85. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $24.00 and a 1-year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 93.26%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. decreased their price target 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. Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price target for the company. The Goldman Sachs Group reduced their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Finally, Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.23.

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.