Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) declared a quarterly dividend on Tuesday, September 12th, RTT News reports. Shareholders of record on Thursday, October 5th will be paid a dividend of 0.33 per share by the real estate investment trust on Monday, October 16th. This represents a $1.32 annualized dividend and a yield of 5.62%.

Hannon Armstrong Sustainable Infrastructure Capital has increased its dividend payment by an average of 81.7% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Hannon Armstrong Sustainable Infrastructure Capital has a payout ratio of 118.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Hannon Armstrong Sustainable Infrastructure Capital to earn $1.46 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 90.4%.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE HASI) traded down 0.34% during mid-day trading on Tuesday, hitting $23.50. 171,321 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $23.37 and a 200-day moving average price of $21.99. The stock has a market cap of $1.21 billion, a P/E ratio of 42.57 and a beta of 0.96. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $18.02 and a 1-year high of $24.66.

In other news, EVP Daniel K. Mcmahon sold 5,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $24.11, for a total value of $120,550.00. Following the transaction, the executive vice president now directly owns 263,167 shares of the company’s stock, valued at $6,344,956.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Nathaniel Rose sold 6,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $23.85, for a total transaction of $143,100.00. Following the completion of the transaction, the executive vice president now directly owns 297,506 shares in the company, valued at $7,095,518.10. The disclosure for this sale can be found here. Company insiders own 7.20% of the company’s stock.

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Several equities analysts have recently issued reports on the stock. Cowen and Company reaffirmed an “outperform” rating and issued a $28.00 price objective (up previously from $25.00) on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, June 22nd. BidaskClub raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, August 8th. FBR & Co reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, June 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $25.44.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Dividend History for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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