Quantitative Systematic Strategies LLC boosted its holdings in Sun Communities Inc (NYSE:SUI) by 136.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,255 shares of the real estate investment trust’s stock after acquiring an additional 4,188 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Sun Communities were worth $673,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in SUI. Cohen & Steers Inc. increased its stake in Sun Communities by 0.4% in the 3rd quarter. Cohen & Steers Inc. now owns 9,567,842 shares of the real estate investment trust’s stock worth $819,773,000 after buying an additional 41,383 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Sun Communities by 8.1% during the 3rd quarter. Principal Financial Group Inc. now owns 2,891,855 shares of the real estate investment trust’s stock valued at $247,774,000 after purchasing an additional 215,897 shares during the last quarter. State Street Corp boosted its holdings in shares of Sun Communities by 4.9% during the 2nd quarter. State Street Corp now owns 2,190,229 shares of the real estate investment trust’s stock valued at $192,065,000 after purchasing an additional 102,950 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Sun Communities by 13.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,745,275 shares of the real estate investment trust’s stock valued at $149,535,000 after purchasing an additional 212,612 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sun Communities by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,019,268 shares of the real estate investment trust’s stock valued at $87,330,000 after acquiring an additional 25,291 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.
Sun Communities Inc (NYSE:SUI) traded down $0.50 during mid-day trading on Monday, hitting $84.20. 181,137 shares of the stock were exchanged, compared to its average volume of 404,257. The stock has a market capitalization of $6,720.31, a PE ratio of 112.92, a P/E/G ratio of 2.96 and a beta of 0.15. Sun Communities Inc has a twelve month low of $78.78 and a twelve month high of $96.08.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.67 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.68 annualized dividend and a dividend yield of 3.18%. Sun Communities’s dividend payout ratio is currently 362.16%.
A number of brokerages recently commented on SUI. Robert W. Baird reissued a “buy” rating and issued a $100.00 price objective on shares of Sun Communities in a research report on Monday, December 11th. 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 lifted their price objective on shares of Sun Communities from $95.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Evercore ISI raised shares of Sun Communities from an “in-line” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Monday, December 4th. Finally, ValuEngine lowered shares of Sun Communities from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $93.57.
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Sun Communities Company 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).
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