Amundi trimmed its holdings in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,603 shares of the real estate investment trust's stock after selling 78,585 shares during the quarter. Amundi owned approximately 0.12% of Sun Communities worth $19,206,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SUI. Legacy Trust acquired a new position in Sun Communities during the fourth quarter worth $625,000. Aurora Investment Managers LLC. raised its position in shares of Sun Communities by 9.7% during the 4th quarter. Aurora Investment Managers LLC. now owns 27,490 shares of the real estate investment trust's stock worth $3,380,000 after purchasing an additional 2,435 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Sun Communities by 16.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 779,744 shares of the real estate investment trust's stock worth $95,885,000 after purchasing an additional 108,054 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Sun Communities by 6.9% in the 3rd quarter. Victory Capital Management Inc. now owns 77,203 shares of the real estate investment trust's stock valued at $10,434,000 after buying an additional 5,008 shares in the last quarter. Finally, VCI Wealth Management LLC acquired a new stake in Sun Communities in the 4th quarter worth about $1,312,000. Hedge funds and other institutional investors own 99.59% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Jefferies Financial Group reduced their target price on Sun Communities from $145.00 to $142.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. StockNews.com downgraded Sun Communities from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Royal Bank of Canada restated an "outperform" rating on shares of Sun Communities in a report on Friday, February 28th. Truist Financial upped their target price on shares of Sun Communities from $136.00 to $142.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Finally, Wells Fargo & Company reduced their target price on shares of Sun Communities from $154.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Sun Communities presently has a consensus rating of "Hold" and a consensus target price of $135.55.
Read Our Latest Stock Analysis on SUI
Sun Communities Trading Up 2.8 %
Shares of Sun Communities stock traded up $3.65 during mid-day trading on Monday, hitting $131.79. The stock had a trading volume of 969,900 shares, compared to its average volume of 789,278. The firm has a 50-day moving average of $127.27 and a two-hundred day moving average of $129.52. The firm has a market cap of $16.79 billion, a P/E ratio of 70.85 and a beta of 0.90. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.93. Sun Communities, Inc. has a 12-month low of $110.98 and a 12-month high of $147.83.
Sun Communities (NYSE:SUI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.02. The company had revenue of $745.90 million during the quarter, compared to analyst estimates of $724.68 million. Sun Communities had a return on equity of 3.21% and a net margin of 7.46%. Sell-side analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current year.
Sun Communities Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.94 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.76 annualized dividend and a yield of 2.85%. Sun Communities's dividend payout ratio (DPR) is currently 508.11%.
About Sun Communities
(
Free Report)
Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.
Further Reading
Before you consider Sun Communities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Communities wasn't on the list.
While Sun Communities currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
