Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Announces Quarterly Dividend of $0.42

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Wednesday, July 3rd will be given a dividend of 0.415 per share by the real estate investment trust on Friday, July 12th. This represents a $1.66 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date is Wednesday, July 3rd.

Hannon Armstrong Sustainable Infrastructure Capital has raised its dividend by an average of 221.2% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Hannon Armstrong Sustainable Infrastructure Capital has a dividend payout ratio of 59.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $2.43 per share next year, which means the company should continue to be able to cover its $1.58 annual dividend with an expected future payout ratio of 65.0%.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 16.2 %

Hannon Armstrong Sustainable Infrastructure Capital stock traded up $4.25 during mid-day trading on Wednesday, reaching $30.44. 3,340,717 shares of the company's stock were exchanged, compared to its average volume of 998,782. The company has a market cap of $3.46 billion, a P/E ratio of 22.72, a P/E/G ratio of 0.99 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $13.22 and a twelve month high of $30.77. The company has a quick ratio of 19.42, a current ratio of 19.42 and a debt-to-equity ratio of 1.98. The company has a fifty day moving average of $26.09 and a 200-day moving average of $24.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HASI shares. The Goldman Sachs Group raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, February 16th. Morgan Stanley raised their price objective 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. StockNews.com raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Wednesday, May 1st. 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of "Moderate Buy" and an average price target of $32.22.

About Hannon Armstrong Sustainable Infrastructure Capital

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.