Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) announced a quarterly dividend on Tuesday, September 12th, RTT News reports. Shareholders of record on Thursday, October 5th will be paid a dividend of 0.33 per share by the real estate investment trust on Monday, October 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.62%.

Hannon Armstrong Sustainable Infrastructure Capital has increased its dividend payment by an average of 81.7% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Hannon Armstrong Sustainable Infrastructure Capital has a payout ratio of 118.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 1.11% on Wednesday, hitting $23.76. 97,906 shares of the stock were exchanged. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $18.02 and a one year high of $24.66. The company has a 50 day moving average of $23.40 and a 200 day moving average of $22.03. The stock has a market capitalization of $1.23 billion, a P/E ratio of 43.04 and a beta of 0.96.

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HASI has been the subject of several research analyst reports. BidaskClub upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Cowen and Company reiterated an “outperform” rating and issued a $28.00 price target (up previously from $25.00) on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, June 22nd. FBR & Co restated a “buy” rating and set a $26.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Friday, June 30th. Morgan Stanley restated an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Buy” and an average price target of $25.44.

In other Hannon Armstrong Sustainable Infrastructure Capital news, EVP Daniel K. Mcmahon sold 5,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $24.11, for a total value of $120,550.00. Following the completion of the sale, the executive vice president now owns 263,167 shares in the company, valued at $6,344,956.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Nathaniel Rose sold 6,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $23.85, for a total transaction of $143,100.00. Following the completion of the sale, the executive vice president now owns 297,506 shares of the company’s stock, valued at approximately $7,095,518.10. The disclosure for this sale can be found here. Corporate insiders own 7.20% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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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