B. Riley Comments on Hannon Armstrong Sustainable Infrastructure Capital, Inc.'s Q1 2024 Earnings (NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) - Research analysts at B. Riley cut their Q1 2024 EPS estimates for shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report issued to clients and investors on Monday, April 22nd. B. Riley analyst C. Souther now forecasts that the real estate investment trust will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.55. B. Riley has a "Buy" rating and a $44.00 price target on the stock. The consensus estimate for Hannon Armstrong Sustainable Infrastructure Capital's current full-year earnings is $2.20 per share. B. Riley also issued estimates for Hannon Armstrong Sustainable Infrastructure Capital's Q2 2024 earnings at $0.57 EPS, Q3 2024 earnings at $0.58 EPS, Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $2.20 EPS and FY2025 earnings at $2.47 EPS.

A number of other equities analysts have also issued reports on the stock. Mizuho raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Wednesday, March 20th. Morgan Stanley raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, February 26th. Bank of America lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. Finally, TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "d+" rating to a "c" rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI traded down $0.52 during trading on Thursday, reaching $25.42. 705,807 shares of the company's stock were exchanged, compared to its average volume of 979,607. Hannon Armstrong Sustainable Infrastructure Capital has a 1 year low of $13.22 and a 1 year high of $29.88. The company has a debt-to-equity ratio of 1.98, a current ratio of 19.42 and a quick ratio of 19.42. The stock has a market capitalization of $2.89 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.88. The company's fifty day simple moving average is $25.96 and its 200-day simple moving average is $24.10.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1,411.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 150,714 shares of the real estate investment trust's stock valued at $4,192,000 after acquiring an additional 140,744 shares during the period. Cascade Investment Group Inc. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $1,225,000. Raymond James & Associates boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 20.9% during the 4th quarter. Raymond James & Associates now owns 207,946 shares of the real estate investment trust's stock worth $5,735,000 after purchasing an additional 35,920 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $1,533,000. Finally, Vanguard Group Inc. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust's stock worth $252,378,000 after purchasing an additional 1,847,577 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a $0.415 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.66 dividend on an annualized basis and a yield of 6.53%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.40. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 123.88%.

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.