Aurora Investment Counsel Has $1.52 Million Stock Holdings in Sun Communities, Inc. (NYSE:SUI)

Aurora Investment Counsel lifted its stake in shares of Sun Communities, Inc. (NYSE:SUIGet Rating) by 2.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,550 shares of the real estate investment trust’s stock after purchasing an additional 227 shares during the period. Sun Communities makes up about 1.0% of Aurora Investment Counsel’s holdings, making the stock its 24th biggest position. Aurora Investment Counsel’s holdings in Sun Communities were worth $1,522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CI Investments Inc. raised its position in shares of Sun Communities by 25.7% during the second quarter. CI Investments Inc. now owns 342,699 shares of the real estate investment trust’s stock worth $54,613,000 after purchasing an additional 70,163 shares during the period. FMR LLC raised its position in shares of Sun Communities by 13.0% during the second quarter. FMR LLC now owns 2,041,603 shares of the real estate investment trust’s stock worth $325,349,000 after purchasing an additional 234,637 shares during the period. Corient Capital Partners LLC grew its holdings in shares of Sun Communities by 10.2% during the second quarter. Corient Capital Partners LLC now owns 4,727 shares of the real estate investment trust’s stock valued at $753,000 after buying an additional 436 shares in the last quarter. Congress Wealth Management LLC DE grew its holdings in shares of Sun Communities by 0.3% during the second quarter. Congress Wealth Management LLC DE now owns 60,188 shares of the real estate investment trust’s stock valued at $9,591,000 after buying an additional 169 shares in the last quarter. Finally, United Capital Financial Advisers LLC grew its holdings in shares of Sun Communities by 1.8% during the second quarter. United Capital Financial Advisers LLC now owns 8,556 shares of the real estate investment trust’s stock valued at $1,364,000 after buying an additional 155 shares in the last quarter. 94.26% of the stock is owned by institutional investors and hedge funds.

Sun Communities Stock Performance

Sun Communities stock traded up $0.55 during trading hours on Thursday, hitting $145.05. The stock had a trading volume of 561,846 shares, compared to its average volume of 831,822. The company has a 50-day moving average of $135.00 and a two-hundred day moving average of $151.51. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.83. The company has a market cap of $17.97 billion, a PE ratio of 70.76, a price-to-earnings-growth ratio of 2.33 and a beta of 0.63. Sun Communities, Inc. has a fifty-two week low of $117.63 and a fifty-two week high of $211.79.

Sun Communities (NYSE:SUIGet Rating) last posted its quarterly earnings results on Monday, October 24th. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.05). Sun Communities had a net margin of 8.81% and a return on equity of 3.34%. During the same period last year, the firm posted $2.11 earnings per share. On average, equities research analysts anticipate that Sun Communities, Inc. will post 7.26 EPS for the current fiscal year.

Sun Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $3.52 annualized dividend and a yield of 2.43%. Sun Communities’s dividend payout ratio (DPR) is 171.71%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SUI. StockNews.com began coverage on Sun Communities in a report on Wednesday, October 12th. They set a “sell” rating on the stock. Evercore ISI lowered their price target on Sun Communities to $156.00 in a report on Thursday, October 13th. Truist Financial lowered their price target on Sun Communities from $193.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, October 14th. JMP Securities lowered their price target on Sun Communities from $200.00 to $160.00 and set a “market outperform” rating on the stock in a report on Monday, October 17th. Finally, Royal Bank of Canada lowered their target price on Sun Communities from $174.00 to $164.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $174.50.

About Sun Communities

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Sun Communities, Inc is a REIT that, as of March 31, 2022, owned, operated, or had an interest in a portfolio of 603 developed MH, RV and marina properties comprising nearly 159,300 developed sites and over 45,700 wet slips and dry storage spaces in 39 states, Canada, Puerto Rico and the UK.

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

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