Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI), concluded the day at $26.07 after seeing a fall of -0.31% that brought its market cap to $1.74 billion. The Beta number showed the stock is subject to risk 36% more than the market as a whole. In the trailing twelve months, its return on assets (ROA) is 3.6% while ROE for the same period is 9.1% and have seen an average of 3.5% return on investment (ROI). The outstanding share count is 66.61 million shares but the size of available float is 66.61 million shares.
ANNAPOLIS, Md., April 23, 2020 / SELL SIDE ANALYST / — Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI), On April 15, 2020, announced a private offering of $350 million in aggregate principal amount of senior unsecured notes due 2025 (the “Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”). At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P., and Hannon Armstrong Capital, LLC.
The Company believes the Notes meet the environmental eligibility criteria for green bonds as defined by the International Capital Market Association’s Green Bond Principles. The Company intends to utilize the net proceeds of this offering to acquire or refinance, in whole or in part, eligible green projects, which include assets that are neutral to negative on incremental carbon emissions. In addition, these projects may include projects with disbursements made during the twelve months preceding the issue date of the bonds and those with disbursements to be made following the issue date. Prior to the full investment of such net proceeds, the Company intends to apply the proceeds to repay a portion of the outstanding revolving borrowings under the Company’s two senior secured credit facilities. For any net proceeds from the offering not used to repay these credit facilities, the Company intends to invest such net proceeds in interest-bearing accounts and short-term, interest-bearing securities which are consistent with the Company’s intention to continue to qualify for taxation as a REIT. Proceeds used to repay our credit facilities may be re-borrowed.
The stock’s current price is lagging SMA-200 by -10.89% which is also -7.05% down from SMA-50. Reducing that period to a shorter term, we see the price is trailing 18.27% to the SMA-20. Volatility for the week was 5.36%, which was 8.53% in the previous month. The company closed the session with a trading volume of 494.25 thousand shares, below from its average daily trading volume of 1.01 million. It has been generating revenue of $141.6 million while net income posted by the company in last 12 months was $80.2 million.
When looking at performance, we see the stock demonstrating a weekly performance of 8.44% while keeping a monthly performance of 41.45%. Quarterly performance saw a drop of -24.15% and continued the negative trend with a yearly performance of -2.4% while showing YTD performance of -18.99% which was -10.99% for last six months.
The 52-week range for the stock was 15.01 – 39.91 that put its current price at a premium of 73.68% to the 52-week low price whereas it is trading at a discount of -34.68% to the 52-week high price. The REIT – Diversified company is currently upholding a gross margin of 54.6% while maintaining a net profit margin of 56.6%. Operating margin for the last 12 months remained 63.5%. The company’s EPS for trailing 12 months is $1.22 and its annual dividend yield is 5.22% with a payout ratio of 107.9%. It is estimated to be posting an EPS of $0.37 for the current quarter.