Sun Communities, Inc. (SUI) Position Increased by Sei Investments Co.

Sei Investments Co. raised its position in Sun Communities, Inc. (NYSE:SUI) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,296 shares of the real estate investment trust’s stock after purchasing an additional 27,085 shares during the quarter. Sei Investments Co. owned 0.30% of Sun Communities worth $20,589,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. QS Investors LLC raised its position in Sun Communities by 0.3% in the 2nd quarter. QS Investors LLC now owns 3,714 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 10 shares during the period. People s United Financial Inc. raised its position in Sun Communities by 0.3% in the 2nd quarter. People s United Financial Inc. now owns 9,253 shares of the real estate investment trust’s stock worth $812,000 after purchasing an additional 30 shares during the period. Solaris Asset Management LLC raised its position in Sun Communities by 1.5% in the 2nd quarter. Solaris Asset Management LLC now owns 6,851 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 100 shares during the period. NGAM Advisors L.P. raised its position in Sun Communities by 0.6% in the 2nd quarter. NGAM Advisors L.P. now owns 19,555 shares of the real estate investment trust’s stock worth $1,715,000 after purchasing an additional 119 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its position in Sun Communities by 6.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,255 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 133 shares during the period. 94.34% of the stock is currently owned by institutional investors.

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SUI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Sun Communities from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Royal Bank Of Canada raised their target price on shares of Sun Communities from $95.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $96.00 target price on shares of Sun Communities in a research report on Monday, October 23rd. Robert W. Baird reaffirmed a “buy” rating and set a $95.00 target price on shares of Sun Communities in a research report on Friday, September 8th. Finally, ValuEngine raised shares of Sun Communities from a “hold” rating to a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Sun Communities has an average rating of “Buy” and a consensus price target of $92.29.

In other Sun Communities news, EVP Jonathan Colman sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $85.44, for a total value of $256,320.00. Following the completion of the sale, the executive vice president now directly owns 33,985 shares in the company, valued at $2,903,678.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Clunet R. Lewis sold 1,292 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $86.52, for a total transaction of $111,783.84. Following the completion of the sale, the director now owns 18,800 shares of the company’s stock, valued at $1,626,576. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,584 shares of company stock worth $1,010,694. Insiders own 4.15% of the company’s stock.

Sun Communities, Inc. (NYSE:SUI) opened at $93.29 on Tuesday. Sun Communities, Inc. has a one year low of $69.90 and a one year high of $93.84. The stock has a market cap of $7,342.36, a P/E ratio of 22.57, a PEG ratio of 3.53 and a beta of 0.28.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.79. Sun Communities had a net margin of 7.37% and a return on equity of 2.76%. The firm had revenue of $268.20 million for the quarter, compared to the consensus estimate of $239.45 million. During the same period last year, the firm earned $1.13 earnings per share. equities analysts expect that Sun Communities, Inc. will post 4.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.67 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.87%. Sun Communities’s dividend payout ratio is presently 362.16%.

Sun Communities Profile

Sun Communities, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV).

Institutional Ownership by Quarter for Sun Communities (NYSE:SUI)

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