2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lowered its position in Sun Communities, Inc. ( NYSE:SUI – Free Report ) by 8.
5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 210,729 shares of the real estate investment trust’s stock after selling 19,514 shares during the quarter. Envestnet Asset Management Inc.
owned approximately 0.17% of Sun Communities worth $25,913,000 as of its most recent SEC filing. A number of other institutional investors also recently added to or reduced their stakes in SUI.
Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Sun Communities by 8.5% in the 4th quarter.
Thurston Springer Miller Herd & Titak Inc. now owns 1,069 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 84 shares in the last quarter. Cascade Investment Advisors Inc.
raised its stake in Sun Communities by 0.8% in the fourth quarter. Cascade Investment Advisors Inc.
now owns 10,373 shares of the real estate investment trust’s stock valued at $1,276,000 after buying an additional 85 shares in the last quarter. Cetera Trust Company N.A lifted its holdings in Sun Communities by 6.
0% during the 4th quarter. Cetera Trust Company N.A now owns 1,865 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 105 shares during the last quarter.
Smartleaf Asset Management LLC boosted its position in shares of Sun Communities by 45.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 399 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 124 shares in the last quarter.
Finally, Argonautica Private Wealth Management Inc. increased its holdings in shares of Sun Communities by 4.5% in the 4th quarter.
Argonautica Private Wealth Management Inc. now owns 2,901 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 99.
59% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts recently issued reports on SUI shares. Jefferies Financial Group assumed coverage on Sun Communities in a report on Tuesday, April 8th.
They issued a “buy” rating and a $150.00 price target for the company. Royal Bank of Canada restated an “outperform” rating on shares of Sun Communities in a report on Friday, February 28th.
Finally, Truist Financial cut their price target on shares of Sun Communities from $142.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday.
Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $136.
70. Sun Communities Price Performance Shares of NYSE:SUI opened at $120.36 on Monday.
Sun Communities, Inc. has a one year low of $109.22 and a one year high of $147.
83. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of 64.
71 and a beta of 0.84. The company has a 50-day simple moving average of $127.
89 and a 200-day simple moving average of $127.47. The company has a debt-to-equity ratio of 0.
93, a quick ratio of 1.61 and a current ratio of 1.61.
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 EPS for the quarter, beating the consensus estimate of $1.
39 by $0.02. Sun Communities had a return on equity of 3.
21% and a net margin of 7.46%. The firm had revenue of $745.
90 million during the quarter, compared to the consensus estimate of $724.68 million. On average, analysts predict that Sun Communities, Inc.
will post 6.77 EPS for the current year. Sun Communities Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th.
Shareholders of record on Monday, March 31st will be given a dividend of $0.94 per share. The ex-dividend date is Monday, March 31st.
This represents a $3.76 dividend on an annualized basis and a yield of 3.12%.
Sun Communities’s payout ratio is currently 508.11%. Sun Communities Profile ( 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.
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