Equities analysts expect Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) to report $11.93 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Hannon Armstrong Sustainable Infrastructure Capital’s earnings, with estimates ranging from $10.20 million to $12.80 million. Hannon Armstrong Sustainable Infrastructure Capital posted sales of $19.01 million during the same quarter last year, which suggests a negative year over year growth rate of 37.2%. The firm is scheduled to report its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will report full-year sales of $11.93 million for the current fiscal year, with estimates ranging from $39.00 million to $49.10 million. For the next financial year, analysts expect that the business will post sales of $55.25 million per share, with estimates ranging from $40.00 million to $65.20 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Hannon Armstrong Sustainable Infrastructure Capital.

Several brokerages recently issued reports on HASI. BidaskClub raised Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, August 8th. Zacks Investment Research raised Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, August 9th. Cowen and Company set a $28.00 price objective on Hannon Armstrong Sustainable Infrastructure Capital and gave the stock a “buy” rating in a research report on Monday, August 28th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $25.44.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) traded up 0.59% during midday trading on Monday, hitting $23.91. The stock had a trading volume of 134,062 shares. The firm has a market cap of $1.24 billion, a P/E ratio of 43.32 and a beta of 0.96. The company’s 50 day moving average is $23.44 and its 200 day moving average is $22.05. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $18.02 and a 52 week high of $24.66.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.32 annualized dividend and a dividend yield of 5.52%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 244.44%.

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

Large investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 132.1% during the first quarter. Baird Financial Group Inc. now owns 105,363 shares of the real estate investment trust’s stock worth $2,128,000 after buying an additional 59,964 shares in the last quarter. TD Asset Management Inc. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth about $517,000. US Bancorp DE grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 7.4% during the second quarter. US Bancorp DE now owns 5,798 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 400 shares in the last quarter. Delta Lloyd Asset Management N.V. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $4,574,000. Finally, JPMorgan Chase & Co. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth about $237,000. Institutional investors own 71.48% of the company’s stock.

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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.

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