Neumeier Poma Investment Counsel LLC Acquires 280,215 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Key Points

• Neumeier Poma Investment Counsel LLC increased its stake in HA Sustainable Infrastructure Capital, Inc. by 48.6%, raising its holdings to approximately $25.06 million.
• Institutional investors own 96.14% of HA Sustainable Infrastructure Capital's stock, indicating strong support from major financial players.
• Wall Street analysts have mixed views, with one rating downgraded to "sell," but the consensus rating remains as "Moderate Buy" with a target price of $37.78.

Neumeier Poma Investment Counsel LLC raised its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 48.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 856,908 shares of the real estate investment trust's stock after acquiring an additional 280,215 shares during the quarter. HA Sustainable Infrastructure Capital comprises approximately 2.7% of Neumeier Poma Investment Counsel LLC's portfolio, making the stock its 13th biggest holding. Neumeier Poma Investment Counsel LLC owned approximately 0.69% of HA Sustainable Infrastructure Capital worth $25,056,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in HA Sustainable Infrastructure Capital by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock worth $396,389,000 after purchasing an additional 311,184 shares during the period. Plan Group Financial LLC raised its holdings in HA Sustainable Infrastructure Capital by 67.0% in the first quarter. Plan Group Financial LLC now owns 17,910 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 7,185 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in HA Sustainable Infrastructure Capital by 171.4% during the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 82,203 shares of the real estate investment trust's stock valued at $2,404,000 after purchasing an additional 51,917 shares in the last quarter. Blair William & Co. IL lifted its position in HA Sustainable Infrastructure Capital by 28.2% during the first quarter. Blair William & Co. IL now owns 17,772 shares of the real estate investment trust's stock valued at $520,000 after purchasing an additional 3,907 shares during the period. Finally, Cheviot Value Management LLC purchased a new position in shares of HA Sustainable Infrastructure Capital in the first quarter worth approximately $70,000. Hedge funds and other institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Down 0.7%

Shares of HASI traded down $0.18 during mid-day trading on Monday, reaching $25.53. The company's stock had a trading volume of 354,768 shares, compared to its average volume of 1,278,494. HA Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.98 and a 1 year high of $36.56. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.62. The company has a quick ratio of 11.04, a current ratio of 10.81 and a debt-to-equity ratio of 1.82. The business has a fifty day moving average of $26.55 and a 200 day moving average of $26.94.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is 108.39%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Saturday. Finally, UBS Group raised their target price on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.90.

HA Sustainable Infrastructure Capital Profile

HA Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment of 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.