Asset Management One Co. Ltd. Has $17.11 Million Position in Sun Communities, Inc. (SUI)

Asset Management One Co. Ltd. increased its holdings in Sun Communities, Inc. (NYSE:SUI) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 200,121 shares of the real estate investment trust’s stock after purchasing an additional 11,783 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.25% of Sun Communities worth $17,111,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Adelante Capital Management LLC grew its stake in shares of Sun Communities by 0.5% in the third quarter. Adelante Capital Management LLC now owns 395,066 shares of the real estate investment trust’s stock worth $33,849,000 after purchasing an additional 2,025 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Sun Communities by 2.7% in the third quarter. Westfield Capital Management Co. LP now owns 467,879 shares of the real estate investment trust’s stock worth $40,088,000 after purchasing an additional 12,465 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sun Communities by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,019,268 shares of the real estate investment trust’s stock worth $87,330,000 after purchasing an additional 25,291 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Sun Communities by 17.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 729,731 shares of the real estate investment trust’s stock worth $62,524,000 after purchasing an additional 108,244 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Sun Communities by 6.8% in the third quarter. Amalgamated Bank now owns 13,857 shares of the real estate investment trust’s stock worth $1,187,000 after purchasing an additional 877 shares during the last quarter. 93.62% of the stock is currently owned by institutional investors.

In other news, Director Clunet R. Lewis sold 1,292 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $86.52, for a total transaction of $111,783.84. Following the transaction, the director now owns 18,800 shares in the company, valued at $1,626,576. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Colman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $93.21, for a total transaction of $186,420.00. The disclosure for this sale can be found here. Insiders have sold 11,584 shares of company stock worth $1,010,694 in the last quarter. Company insiders own 4.15% of the company’s stock.

A number of analysts have commented on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $100.00 price target on shares of Sun Communities in a research report on Monday. ValuEngine cut shares of Sun Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Evercore ISI raised shares of Sun Communities from an “in-line” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Monday, December 4th. Zacks Investment Research raised shares of Sun Communities from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada upped 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.00.

Shares of Sun Communities, Inc. (SUI) traded down $0.39 on Thursday, reaching $95.06. 314,000 shares of the company’s stock were exchanged, compared to its average volume of 355,530. The company has a market capitalization of $7,573.25, a PE ratio of 23.28, a P/E/G ratio of 3.64 and a beta of 0.27. Sun Communities, Inc. has a twelve month low of $72.51 and a twelve month high of $96.08.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.79. The business had revenue of $268.20 million for the quarter, compared to analysts’ expectations of $239.45 million. Sun Communities had a net margin of 7.37% and a return on equity of 2.76%. During the same quarter in the prior year, the firm posted $1.13 earnings per share. research analysts forecast that Sun Communities, Inc. will post 4.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.67 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.68 annualized dividend and a dividend yield of 2.82%. Sun Communities’s dividend payout ratio is currently 362.16%.

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About Sun Communities

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).

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

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