Atria Investments Inc Has $505,000 Stake in Sun Communities, Inc. (NYSE:SUI)

Atria Investments Inc decreased its position in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) by 39.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,107 shares of the real estate investment trust's stock after selling 2,710 shares during the period. Atria Investments Inc's holdings in Sun Communities were worth $505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SUI. Assetmark Inc. raised its position in Sun Communities by 2,111.1% in the third quarter. Assetmark Inc. now owns 199 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 190 shares in the last quarter. Brooklyn Investment Group acquired a new position in Sun Communities in the third quarter worth about $41,000. Smartleaf Asset Management LLC raised its position in Sun Communities by 45.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 399 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 124 shares in the last quarter. CKW Financial Group raised its position in Sun Communities by 45.0% in the fourth quarter. CKW Financial Group now owns 435 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 135 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Sun Communities in the third quarter worth about $60,000. Institutional investors and hedge funds own 99.59% of the company's stock.

Sun Communities Stock Up 2.0 %

SUI stock traded up $2.63 during mid-day trading on Monday, hitting $130.77. 328,710 shares of the company were exchanged, compared to its average volume of 786,761. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $16.66 billion, a P/E ratio of 70.30 and a beta of 0.90. The firm's 50 day simple moving average is $127.27 and its 200 day simple moving average is $129.52. Sun Communities, Inc. has a 1-year low of $110.98 and a 1-year high of $147.83.

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Sun Communities (NYSE:SUI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.02. Sun Communities had a net margin of 7.46% and a return on equity of 3.21%. The company had revenue of $745.90 million for the quarter, compared to the consensus estimate of $724.68 million. On average, sell-side analysts predict that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SUI shares. StockNews.com lowered shares of Sun Communities from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Wells Fargo & Company decreased their price objective on shares of Sun Communities from $154.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 11th. Jefferies Financial Group decreased their price objective on shares of Sun Communities from $145.00 to $142.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Sun Communities in a research note on Friday, February 28th. Finally, Truist Financial upped their price objective on shares of Sun Communities from $136.00 to $142.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sun Communities currently has a consensus rating of "Hold" and an average target price of $135.55.

Sun Communities Company Profile

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.