Sun Communities, Inc. (SUI) Shares Bought by Schroder Investment Management Group
Schroder Investment Management Group increased its stake in Sun Communities, Inc. (NYSE:SUI) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 274,661 shares of the real estate investment trust’s stock after purchasing an additional 17,425 shares during the period. Schroder Investment Management Group owned approximately 0.35% of Sun Communities worth $23,475,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. US Bancorp DE increased its position in shares of Sun Communities by 105.2% in the second quarter. US Bancorp DE now owns 1,473 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 755 shares during the last quarter. Whitnell & Co. bought a new position in shares of Sun Communities in the third quarter worth approximately $139,000. Public Employees Retirement Association of Colorado grew its position in Sun Communities by 6.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,255 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 133 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Sun Communities by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 2,299 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 178 shares during the last quarter. Finally, Raymond James Trust N.A. bought a new position in Sun Communities during the second quarter valued at approximately $224,000. Institutional investors own 93.62% of the company’s stock.
SUI has been the topic of a number of recent research reports. BMO Capital Markets reiterated a “buy” rating and set a $96.00 price target on shares of Sun Communities in a research report on Monday, October 23rd. Zacks Investment Research cut shares of Sun Communities from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Royal Bank Of Canada increased their price target on shares of Sun Communities from $95.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. ValuEngine upgraded shares of Sun Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Robert W. Baird reiterated a “buy” rating and set a $95.00 price target on shares of Sun Communities in a research report on Friday, September 8th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $92.29.
In other news, EVP Jonathan Colman sold 3,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $85.44, for a total transaction of $256,320.00. Following the completion of the sale, the executive vice president now owns 33,985 shares of the company’s stock, valued at $2,903,678.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Clunet R. Lewis sold 5,292 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $86.20, for a total value of $456,170.40. Following the sale, the director now directly owns 18,800 shares of the company’s stock, valued at approximately $1,620,560. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,584 shares of company stock valued at $1,010,694. Insiders own 4.15% of the company’s stock.
Shares of Sun Communities, Inc. (NYSE:SUI) traded up $1.29 during midday trading on Tuesday, reaching $95.02. 346,400 shares of the company’s stock were exchanged, compared to its average volume of 357,756. Sun Communities, Inc. has a twelve month low of $71.27 and a twelve month high of $95.44. The company has a market capitalization of $7,436.78, a PE ratio of 22.86, a P/E/G ratio of 3.58 and a beta of 0.27.
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 for the quarter, beating analysts’ consensus estimates of $0.34 by $0.79. The firm had revenue of $268.20 million during the quarter, compared to analyst estimates of $239.45 million. Sun Communities had a return on equity of 2.76% and a net margin of 7.37%. During the same quarter in the prior year, the firm posted $1.13 earnings per share. sell-side analysts predict that Sun Communities, Inc. will post 4.16 earnings per share for the current year.
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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).
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