APG Asset Management US Inc. decreased its holdings in Sun Communities, Inc. (NYSE:SUI – Free Report) by 18.2% throughout the third quarter, in keeping with its most up-to-date submitting with the Securities and Trade Fee (SEC). The fund owned 337,138 shares of the true property funding belief’s inventory after promoting 75,030 shares throughout the interval. APG Asset Management US Inc. owned about 0.27% of Sun Communities value $43,322,000 on the finish of the latest quarter.
Various different hedge funds and different institutional traders have additionally not too long ago made adjustments to their positions in SUI. Aster Capital Management DIFC Ltd acquired a brand new place in Sun Communities throughout the third quarter valued at $27,000. Elevation Level Wealth Companions LLC bought a brand new place in shares of Sun Communities throughout the 2nd quarter valued at about $30,000. MAI Capital Management lifted its holdings in shares of Sun Communities by 164.4% within the 2nd quarter. MAI Capital Management now owns 267 shares of the true property funding belief’s inventory valued at $34,000 after shopping for an extra 166 shares throughout the interval. Assetmark Inc. boosted its stake in shares of Sun Communities by 55.7% within the third quarter. Assetmark Inc. now owns 271 shares of the true property funding belief’s inventory value $35,000 after shopping for an extra 97 shares over the last quarter. Lastly, Harbor Capital Advisors Inc. acquired a brand new stake in Sun Communities throughout the third quarter value about $37,000. Institutional traders and hedge funds personal 99.59% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Various analysis analysts have issued reviews on the corporate. Jefferies Monetary Group set a $142.00 value goal on Sun Communities and gave the corporate a “purchase” score in a report on Monday, November third. Deutsche Financial institution Aktiengesellschaft raised shares of Sun Communities from a “maintain” score to a “purchase” score and set a $145.00 goal value for the corporate in a report on Tuesday, January twentieth. Wells Fargo & Firm upgraded shares of Sun Communities from an “equal weight” score to an “obese” score and boosted their goal value for the corporate from $133.00 to $150.00 in a analysis notice on Friday. Robert W. Baird elevated their value goal on shares of Sun Communities from $134.00 to $136.00 and gave the inventory a “impartial” score in a report on Wednesday, November nineteenth. Lastly, Morgan Stanley minimize their value goal on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” score for the corporate in a report on Tuesday, November twenty fifth. Seven funding analysts have rated the inventory with a Purchase score, six have issued a Maintain score and one has assigned a Promote score to the inventory. In line with knowledge from MarketBeat, the inventory presently has a consensus score of “Maintain” and a mean goal value of $138.77.
Get Our Latest Stock Analysis on SUI
Sun Communities Inventory Up 0.7%
SUI opened at $136.71 on Friday. The corporate has a market cap of $16.84 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 4.54 and a beta of 0.90. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month excessive of $137.84. The corporate has a 50-day shifting common value of $126.94 and a 200 day shifting common value of $126.50. The corporate has a fast ratio of 6.01, a present ratio of 6.01 and a debt-to-equity ratio of 0.58.
Sun Communities (NYSE:SUI – Get Free Report) final posted its quarterly earnings knowledge on Tuesday, February twenty fourth. The actual property funding belief reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. Sun Communities had a unfavorable return on fairness of 0.04% and a internet margin of 61.86%.The corporate had income of $515.20 million for the quarter, in comparison with analysts’ expectations of $509.40 million. Throughout the identical interval within the earlier 12 months, the agency posted $1.41 EPS. Sun Communities’s income was up .1% in comparison with the identical quarter final 12 months. Sun Communities has set its FY 2026 steerage at 6.830-7.030 EPS and its Q1 2026 steerage at 1.240-1.320 EPS. Promote-side analysts count on that Sun Communities, Inc. will submit 6.77 earnings per share for the present fiscal 12 months.
Sun Communities Dividend Announcement
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Monday, February 2nd. Traders of file on Wednesday, December thirty first got a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of three.0%. The ex-dividend date was Wednesday, December thirty first. Sun Communities’s payout ratio is presently 38.73%.
Insider Shopping for and Promoting
In different Sun Communities information, Director Gary A. Shiffman offered 156,875 shares of the agency’s inventory in a transaction on Wednesday, December seventeenth. The inventory was offered at a mean value of $123.53, for a complete worth of $19,378,768.75. The sale was disclosed in a doc filed with the SEC, which is accessible by this hyperlink. Company insiders personal 1.77% of the corporate’s inventory.
Sun Communities Profile
Sun Communities, Inc is a publicly traded actual property funding belief (REIT) that makes a speciality of the acquisition, possession and operation of manufactured housing communities, leisure car (RV) resorts and marinas. The corporate’s portfolio spans greater than 500 manufactured housing communities and over 160 RV resorts, providing reasonably priced, long-term housing in addition to short-stay leisure lodging. By skilled on-site administration and amenity-rich neighborhood designs, Sun Communities serves a various buyer base that features retirees, workforce households and vacationers.
Based in 1975 and headquartered in Southfield, Michigan, Sun Communities has grown organically and thru strategic acquisitions to develop into one of many largest operators in its sector.
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