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

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) announced its earnings results on Thursday. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates 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

Hannon Armstrong Sustainable Infrastructure Capital stock traded up $0.07 during midday trading on Friday, reaching $28.00. 2,901,118 shares of the stock were exchanged, compared to its average volume of 1,026,720. The company’s fifty day moving average is $27.87 and its 200-day moving average is $30.85. 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 firm has a market cap of $3.32 billion, a PE ratio of 15.73, a PEG ratio of 1.06 and a beta of 1.95. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $24.00 and a 52 week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date 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 93.26%.

Analyst Ratings Changes

HASI has been the subject of a number of research reports. Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a “buy” rating and a $40.00 price target for the company. JPMorgan Chase & Co. reduced 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. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, January 8th. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group reduced their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and a consensus target price 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.