Equities Analysts Issue Forecasts for HASI FY2024 Earnings

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) – Equities research analysts at B. Riley issued their FY2024 earnings per share estimates for Hannon Armstrong Sustainable Infrastructure Capital in a research note issued to investors on Wednesday, February 12th. B. Riley analyst R. Pfingst anticipates that the real estate investment trust will earn $2.21 per share for the year. 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 Q4 2024 earnings at $0.54 EPS and FY2025 earnings at $2.41 EPS.

A number of other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research 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. Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 price target for the company. Finally, Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI opened at $28.00 on Monday. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $24.00 and a 12-month high of $36.56. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $3.32 billion, a P/E ratio of 15.73, a PEG ratio of 1.06 and a beta of 1.95. The stock has a fifty day moving average of $27.80 and a 200-day moving average of $30.79.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The business had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 59.56% and a return on equity of 11.53%.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds and other institutional investors have recently modified their holdings of HASI. Creative Planning acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth $548,000. Good Life Advisors LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $271,000. Trust Co. of Vermont boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 106.7% in the third quarter. Trust Co. of Vermont now owns 3,100 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 1,600 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 28.6% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 45,000 shares of the real estate investment trust’s stock worth $1,551,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Plan Group Financial LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $351,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.42 per share. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. This represents a $1.68 annualized dividend and a dividend yield of 6.00%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 93.26%.

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.