Brokers Set Expectations for Hannon Armstrong Sustainable Infrastructure Capital, Inc.’s Q1 2024 Earnings (NYSE:HASI)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) – Equities research analysts at B. Riley cut their Q1 2024 earnings estimates for Hannon Armstrong Sustainable Infrastructure Capital in a research report issued to clients and investors on Monday, April 22nd. B. Riley analyst C. Souther now anticipates that the real estate investment trust will earn $0.46 per share for the quarter, down from their previous 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.

Several other equities research analysts also recently weighed in on the stock. Mizuho upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Bank of America upped their price target 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. The Goldman Sachs Group upped their price target 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. Finally, Morgan Stanley boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI stock opened at $25.42 on Thursday. The company has a market capitalization of $2.89 billion, a P/E ratio of 18.97, a PEG ratio of 0.97 and a beta of 1.88. The company has a 50-day simple moving average of $25.96 and a 200 day simple moving average of $24.10. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $13.22 and a fifty-two week high of $29.88. The company has a quick ratio of 19.42, a current ratio of 19.42 and a debt-to-equity ratio of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a $0.415 dividend. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 4th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.53%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 123.88%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after buying an additional 713,519 shares in the last quarter. Van ECK Associates Corp boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 44.9% during the fourth quarter. Van ECK Associates Corp now owns 1,883,537 shares of the real estate investment trust’s stock worth $51,948,000 after purchasing an additional 583,665 shares during the period. Northern Trust Corp boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.2% in the third quarter. Northern Trust Corp now owns 1,553,220 shares of the real estate investment trust’s stock valued at $32,928,000 after acquiring an additional 117,549 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.5% in the fourth quarter. Vontobel Holding Ltd. now owns 1,517,987 shares of the real estate investment trust’s stock valued at $41,866,000 after acquiring an additional 64,915 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 19.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,027,913 shares of the real estate investment trust’s stock valued at $28,350,000 after purchasing an additional 166,192 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

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.