Equities research analysts expect Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) to post $9.96 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hannon Armstrong Sustainable Infrastructure Capital’s earnings, with estimates ranging from $8.70 million to $11.50 million. Hannon Armstrong Sustainable Infrastructure Capital posted sales of $19.86 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 49.8%. The firm is expected to announce its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will report full-year sales of $9.96 million for the current financial year, with estimates ranging from $40.50 million to $45.00 million. For the next financial year, analysts forecast that the firm will post sales of $49.45 million per share, with estimates ranging from $45.80 million to $53.50 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Hannon Armstrong Sustainable Infrastructure Capital.

HASI has been the topic of several recent research reports. BidaskClub raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Cowen set a $28.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital and gave the stock a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Oppenheimer boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Finally, Roth Capital set a $28.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital and gave the company a “buy” rating in a research report on Saturday, November 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Buy” and an average target price of $25.88.

In related news, EVP Nathaniel Rose sold 8,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $23.58, for a total value of $188,640.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $23.51, for a total transaction of $117,550.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,063 shares of company stock worth $571,259. Corporate insiders own 5.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $14,530,000. BlackRock Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 7.3% during the second quarter. BlackRock Inc. now owns 4,696,471 shares of the real estate investment trust’s stock worth $107,408,000 after purchasing an additional 319,171 shares during the period. Delta Lloyd Asset Management N.V. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $4,574,000. Goldman Sachs Group Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 360.3% during the second quarter. Goldman Sachs Group Inc. now owns 217,378 shares of the real estate investment trust’s stock worth $4,971,000 after purchasing an additional 170,156 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1,214.8% during the second quarter. JPMorgan Chase & Co. now owns 154,032 shares of the real estate investment trust’s stock worth $3,523,000 after purchasing an additional 142,317 shares during the period. Hedge funds and other institutional investors own 71.63% of the company’s stock.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) traded up $0.45 on Thursday, reaching $23.67. 297,200 shares of the company’s stock traded hands, compared to its average volume of 321,810. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $18.02 and a 52 week high of $25.28. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a market cap of $1,232.22, a PE ratio of 21.30, a PEG ratio of 1.73 and a beta of 0.93.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Tuesday, December 26th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.32 annualized dividend and a dividend yield of 5.58%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 220.00%.

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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.

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