Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) announced its earnings results on Thursday. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04), Morningstar.com reports. Hannon Armstrong Sustnbl Infrstr Cap had a return on equity of 9.61% and a net margin of 39.53%. The firm had revenue of $16.40 million during the quarter, compared to the consensus estimate of $16.55 million. Hannon Armstrong Sustnbl Infrstr Cap updated its FY 2019 guidance to $1.37-1.37 EPS and its FY 2020 guidance to $1.43-1.43 EPS.

HASI stock traded up $0.20 on Friday, reaching $27.50. 247,087 shares of the company traded hands, compared to its average volume of 219,725. Hannon Armstrong Sustnbl Infrstr Cap has a one year low of $18.83 and a one year high of $28.67. The company has a debt-to-equity ratio of 1.48, a quick ratio of 29.45 and a current ratio of 29.45. The company has a market cap of $1.75 billion, a P/E ratio of 23.11, a P/E/G ratio of 10.45 and a beta of 1.03. The firm’s fifty day simple moving average is $27.76.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 5th were given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Wednesday, July 3rd. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio (DPR) is presently 112.61%.

Several brokerages have recently issued reports on HASI. Roth Capital set a $30.00 target price on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Zacks Investment Research lowered Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $27.00.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Daniel K. Mcmahon sold 5,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $26.00, for a total value of $130,000.00. Following the completion of the sale, the executive vice president now owns 238,233 shares of the company’s stock, valued at approximately $6,194,058. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Eckel bought 985 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of $26.82 per share, with a total value of $26,417.70. The disclosure for this purchase can be found here. 3.60% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB increased its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 2.0% in the 1st quarter. Handelsbanken Fonder AB now owns 770,702 shares of the real estate investment trust’s stock worth $19,761,000 after purchasing an additional 15,245 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 22.0% in the 4th quarter. Geode Capital Management LLC now owns 635,024 shares of the real estate investment trust’s stock worth $12,096,000 after buying an additional 114,362 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 1.0% in the 4th quarter. Northern Trust Corp now owns 619,679 shares of the real estate investment trust’s stock worth $11,805,000 after buying an additional 6,363 shares during the last quarter. Norges Bank purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 4th quarter worth $11,366,000. Finally, Trillium Asset Management LLC boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 0.8% in the 1st quarter. Trillium Asset Management LLC now owns 452,855 shares of the real estate investment trust’s stock worth $11,611,000 after buying an additional 3,527 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

Further Reading: Market Capitalization and Individual Investors

Earnings History for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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