Sun Communities Inc (SUI) Holdings Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Sun Communities Inc (NYSE:SUI) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,074 shares of the real estate investment trust’s stock after selling 578 shares during the period. Mutual of America Capital Management LLC’s holdings in Sun Communities were worth $471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of 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 purchasing an additional 178 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Sun Communities by 3.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,777 shares of the real estate investment trust’s stock valued at $857,000 after purchasing an additional 310 shares during the period. Advisor Group Inc. increased its position in shares of Sun Communities by 23.8% during the third quarter. Advisor Group Inc. now owns 3,307 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 636 shares during the period. Quantbot Technologies LP increased its position in shares of Sun Communities by 18.5% during the third quarter. Quantbot Technologies LP now owns 4,378 shares of the real estate investment trust’s stock valued at $375,000 after purchasing an additional 684 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Sun Communities by 7.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,435 shares of the real estate investment trust’s stock valued at $980,000 after purchasing an additional 777 shares during the period. 93.68% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on SUI shares. Zacks Investment Research upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Wednesday, December 27th. BMO Capital Markets restated a “buy” rating and set a $96.00 price objective on shares of Sun Communities in a research report on Monday, October 23rd. Royal Bank of Canada boosted their price objective on 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 Sun Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Robert W. Baird cut Sun Communities from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $100.00 to $95.00 in a research report on Friday, January 5th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $93.57.

Shares of Sun Communities Inc (NYSE SUI) opened at $87.24 on Friday. Sun Communities Inc has a 1 year low of $78.78 and a 1 year high of $96.08. The firm has a market capitalization of $6,920.00, a price-to-earnings ratio of 117.89, a price-to-earnings-growth ratio of 3.02 and a beta of 0.15.

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

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