Atria Investments Inc lessened its stake in shares of Sun Communities, Inc. (NYSE:SUI – Free Report) by 39.8% within the fourth quarter, in line with its most up-to-date submitting with the SEC. The fund owned 4,107 shares of the true property funding belief’s inventory after promoting 2,710 shares throughout the interval. Atria Investments Inc’s holdings in Sun Communities have been value $505,000 on the finish of the latest reporting interval.
Numerous different institutional buyers and hedge funds additionally just lately modified their holdings of the inventory. FMR LLC lifted its place in shares of Sun Communities by 37.6% throughout the third quarter. FMR LLC now owns 5,233,656 shares of the true property funding belief’s inventory valued at $707,329,000 after buying an extra 1,430,630 shares over the past quarter. UBS AM a definite enterprise unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its place in shares of Sun Communities by 1,061.4% throughout the third quarter. UBS AM a definite enterprise unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,323,479 shares of the true property funding belief’s inventory valued at $178,868,000 after buying an extra 1,209,522 shares over the past quarter. Charles Schwab Funding Administration Inc. lifted its place in shares of Sun Communities by 4.5% throughout the 4th quarter. Charles Schwab Funding Administration Inc. now owns 1,123,440 shares of the true property funding belief’s inventory valued at $138,149,000 after buying an extra 47,899 shares over the past quarter. Westfield Capital Administration Co. LP lifted its holdings in shares of Sun Communities by 58.8% within the third quarter. Westfield Capital Administration Co. LP now owns 959,879 shares of the true property funding belief’s inventory valued at $129,728,000 after buying an extra 355,427 shares within the final quarter. Lastly, Sumitomo Mitsui Belief Group Inc. lifted its holdings in shares of Sun Communities by 16.1% within the fourth quarter. Sumitomo Mitsui Belief Group Inc. now owns 779,744 shares of the true property funding belief’s inventory valued at $95,885,000 after buying an extra 108,054 shares within the final quarter. Institutional buyers and hedge funds personal 99.59% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
Numerous analysis corporations have just lately issued stories on SUI. Truist Monetary elevated their goal worth on Sun Communities from $136.00 to $142.00 and gave the corporate a “purchase” score in a report on Monday, March tenth. Jefferies Monetary Group lowered their goal worth on Sun Communities from $145.00 to $142.00 and set a “purchase” score for the corporate in a report on Thursday, January 2nd. Royal Financial institution of Canada restated an “outperform” score on shares of Sun Communities in a report on Friday, February twenty eighth. StockNews.com lowered Sun Communities from a “maintain” score to a “promote” score in a report on Wednesday, November twentieth. Lastly, Wells Fargo & Firm lowered their goal worth on Sun Communities from $154.00 to $135.00 and set an “equal weight” score for the corporate in a report on Wednesday, December eleventh. Two analysis analysts have rated the inventory with a promote score, six have given a maintain score and 5 have assigned a purchase score to the inventory. In keeping with knowledge from MarketBeat, Sun Communities presently has a consensus score of “Maintain” and a mean goal worth of $135.55.
Check Out Our Latest Stock Analysis on Sun Communities
Sun Communities Buying and selling Up 1.9 %
Sun Communities stock opened at $128.06 on Friday. The corporate has a debt-to-equity ratio of 0.93, a present ratio of 1.61 and a fast ratio of 1.61. The corporate has a market capitalization of $16.31 billion, a price-to-earnings ratio of 68.85 and a beta of 0.90. Sun Communities, Inc. has a one 12 months low of $110.98 and a one 12 months excessive of $147.83. The corporate’s fifty day shifting common worth is $127.27 and its two-hundred day shifting common worth is $129.54.
Sun Communities (NYSE:SUI – Get Free Report) final posted its earnings outcomes on Wednesday, February twenty sixth. The actual property funding belief reported $1.41 EPS for the quarter, topping the consensus estimate of $1.39 by $0.02. The agency had income of $745.90 million for the quarter, in comparison with the consensus estimate of $724.68 million. Sun Communities had a web margin of seven.46% and a return on fairness of three.21%. On common, analysts forecast that Sun Communities, Inc. will submit 6.77 earnings per share for the present fiscal 12 months.
Sun Communities Profile
Established in 1975, Sun Communities, Inc grew to become a publicly owned company in December 1993. The Firm is a completely built-in REIT listed on the New York Inventory Change beneath the image: SUI. As of December 31, 2023, the Firm owned, operated, or had an curiosity in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed websites and roughly 48,030 moist slips and dry storage areas within the U.S., the UK and Canada.
Beneficial Tales
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