Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI - Free Report) has made the announcement of closing a public offering of 4.6 million of common shares. This offering is likely to generate net proceeds of around $90.5 million for this Annapolis, MD-based mortgage real estate investment trust (“mREIT”).
Hannon Armstrong provides debt and equity financing for infrastructure projects. Its infrastructure projects include Energy Efficiency Projects, Clean Energy Projects and Other Sustainable Infrastructure Projects. The company caters to the needs of federal, state and local governments along with commercial, utility, and industrial markets. The latest public offering is likely to add to the financial strength of the company.
Last month, the company reported first-quarter 2016 core earnings per share of 32 cents, up 19% year over year. The Zacks Consensus Estimate for the quarter was 18 cents.
Notably, Hannon Armstrong went public on Apr 23, 2013 and changed its organizational structure so as to continue to operate as a REIT. The company aims to expand its ability to serve the fast growing markets by adding to its capital resources and raising the financial flexibility.
Hannon Armstrong currently sports a Zacks Rank #1 (Strong Buy).
Investors interested in the mREIT sector can also consider stocks like Altisource Portfolio Solutions S.A. (ASPS - Free Report) , Cherry Hill Mortgage Investment Corporation (CHMI - Free Report) and Ellington Residential Mortgage REIT (EARN - Free Report) . While Altisource Portfolio Solutions sports the same Zacks rank as Hannon Armstrong, both Cherry Hill Mortgage Investment and Ellington Residential Mortgage carry a Zacks Rank #2 (Buy).
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI - Free Report) has made the announcement of closing a public offering of 4.6 million of common shares. This offering is likely to generate net proceeds of around $90.5 million for this Annapolis, MD-based mortgage real estate investment trust (“mREIT”).
Hannon Armstrong provides debt and equity financing for infrastructure projects. Its infrastructure projects include Energy Efficiency Projects, Clean Energy Projects and Other Sustainable Infrastructure Projects. The company caters to the needs of federal, state and local governments along with commercial, utility, and industrial markets. The latest public offering is likely to add to the financial strength of the company.
Last month, the company reported first-quarter 2016 core earnings per share of 32 cents, up 19% year over year. The Zacks Consensus Estimate for the quarter was 18 cents.
Notably, Hannon Armstrong went public on Apr 23, 2013 and changed its organizational structure so as to continue to operate as a REIT. The company aims to expand its ability to serve the fast growing markets by adding to its capital resources and raising the financial flexibility.
Hannon Armstrong currently sports a Zacks Rank #1 (Strong Buy).
Investors interested in the mREIT sector can also consider stocks like Altisource Portfolio Solutions S.A. (ASPS - Free Report) , Cherry Hill Mortgage Investment Corporation (CHMI - Free Report) and Ellington Residential Mortgage REIT (EARN - Free Report) . While Altisource Portfolio Solutions sports the same Zacks rank as Hannon Armstrong, both Cherry Hill Mortgage Investment and Ellington Residential Mortgage carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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