HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Set to Pay Quarterly Dividend of $0.42

Key Points

• HA Sustainable Infrastructure Capital declared a quarterly dividend of $0.425 per share, payable January 8 to shareholders of record December 29. The annualized payout is $1.70 per share, representing a 4.4% yield.
• The dividend appears covered: the current payout ratio is 58.2%, and analysts expect next year’s earnings to support a projected payout ratio of 55.7%.
• The company reported quarterly EPS of $0.82, beating the $0.74 consensus, and revenue of $114.46 million, above the $110.74 million estimate.

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 29th will be paid a dividend of $0.4250 per share by the real estate investment trust on Friday, January 8th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, December 29th.

HA Sustainable Infrastructure Capital has a dividend payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HA Sustainable Infrastructure Capital to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 55.7%.

HA Sustainable Infrastructure Capital Stock Performance

NYSE:HASI opened at $38.76 on Friday. The stock's fifty day moving average is $37.30 and its 200 day moving average is $38.15. HA Sustainable Infrastructure Capital has a fifty-two week low of $28.50 and a fifty-two week high of $44.13. The firm has a market capitalization of $4.98 billion, a PE ratio of 74.55, a PEG ratio of 1.30 and a beta of 1.39. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.89 and a current ratio of 8.89.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. HA Sustainable Infrastructure Capital had a return on equity of 13.62% and a net margin of 18.61%. The company had revenue of $114.46 million during the quarter, compared to the consensus estimate of $110.74 million. On average, sell-side analysts anticipate that HA Sustainable Infrastructure Capital will post 2.75 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HASI. Maryland State Retirement & Pension System raised its holdings in HA Sustainable Infrastructure Capital by 53.8% in the 3rd quarter. Maryland State Retirement & Pension System now owns 28,646 shares of the real estate investment trust's stock worth $1,026,000 after purchasing an additional 10,025 shares during the period. Ethic Inc. grew its holdings in HA Sustainable Infrastructure Capital by 39.0% in the third quarter. Ethic Inc. now owns 10,807 shares of the real estate investment trust's stock valued at $387,000 after purchasing an additional 3,033 shares during the period. Parallel Advisors LLC grew its holdings in HA Sustainable Infrastructure Capital by 109.8% in the third quarter. Parallel Advisors LLC now owns 1,431 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 749 shares during the period. Pine Haven Investment Counsel Inc grew its holdings in HA Sustainable Infrastructure Capital by 4.3% in the third quarter. Pine Haven Investment Counsel Inc now owns 10,383 shares of the real estate investment trust's stock valued at $372,000 after purchasing an additional 430 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of HA Sustainable Infrastructure Capital by 0.5% in the third quarter. Commonwealth Equity Services LLC now owns 163,309 shares of the real estate investment trust's stock valued at $5,850,000 after buying an additional 748 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

HA Sustainable Infrastructure Capital Company Profile

HA Sustainable Infrastructure Capital, Inc NYSE: HASI is an investment firm focused on financing sustainable infrastructure and climate solutions. The company provides capital to projects and businesses involved in renewable energy, energy efficiency, sustainable real estate and other infrastructure that supports the transition to a lower-carbon economy.

Its investment activities may include lending, equity investments and other forms of project financing. HA Sustainable Infrastructure Capital typically works with developers, owners and operators of infrastructure assets, helping fund projects such as distributed solar, utility-scale renewable energy, energy-efficiency improvements and resilient infrastructure.

Founded in 1981, the company has historically operated under the name Hannon Armstrong Sustainable Infrastructure Capital, Inc and became publicly traded in 2013.

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