Brokers Offer Predictions for HASI FY2024 Earnings

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) – Stock analysts at B. Riley issued their FY2024 earnings per share (EPS) 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 post earnings per share of $2.21 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 analysts have also recently weighed in on the company. The Goldman Sachs Group cut their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price target on the stock. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their target price on 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. Finally, Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.3 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $28.00 on Monday. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $24.00 and a 1-year high of $36.56. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. The stock has a market cap of $3.32 billion, a PE ratio of 15.73, a P/E/G ratio of 1.06 and a beta of 1.95. The stock’s fifty day moving average is $27.87 and its two-hundred day moving average is $30.82.

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 company 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%.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after acquiring an additional 89,126 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at approximately $2,451,000. Harbor Capital Advisors Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 42.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock valued at $1,932,000 after purchasing an additional 21,446 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after purchasing an additional 27,529 shares in the last quarter. Finally, Creative Planning purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $548,000. 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 will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

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.