1 day Ago By ABMN Staff
Commonwealth Equity Services LLC lowered its stake in shares of Sun Communities, Inc. ( NYSE:SUI – Free Report ) by 9.7% during the 2nd quarter, according to the company in its most recent filing with the SEC.
The fund owned 8,376 shares of the real estate investment trust’s stock after selling 901 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Sun Communities were worth $1,008,000 at the end of the most recent quarter. Several other large investors have also recently modified their holdings of the stock.
Farmers & Merchants Investments Inc. purchased a new position in Sun Communities during the 1st quarter valued at $26,000. V Square Quantitative Management LLC bought a new stake in Sun Communities during the 4th quarter valued at $32,000.
Quest Partners LLC purchased a new position in Sun Communities in the fourth quarter valued at about $51,000. 1620 Investment Advisors Inc. bought a new position in Sun Communities in the second quarter worth about $62,000.
Finally, Fidelis Capital Partners LLC bought a new position in Sun Communities in the first quarter worth about $83,000. Institutional investors own 99.59% of the company’s stock.
Sun Communities Stock Performance NYSE SUI opened at $144.73 on Wednesday. The stock has a fifty day simple moving average of $131.
79 and a 200-day simple moving average of $124.97. Sun Communities, Inc.
has a twelve month low of $102.74 and a twelve month high of $147.83.
The stock has a market cap of $18.04 billion, a PE ratio of 124.76, a P/E/G ratio of 1.
06 and a beta of 0.91. The company has a current ratio of 1.
42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.09.
Sun Communities Dividend Announcement Insider Activity In other news, CEO Baxter Underwood sold 3,000 shares of Sun Communities stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $131.43, for a total value of $394,290.
00. Following the completion of the transaction, the chief executive officer now owns 63,462 shares in the company, valued at approximately $8,340,810.66.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Company insiders own 1.89% of the company’s stock.
Analysts Set New Price Targets Several equities analysts have recently issued reports on SUI shares. Royal Bank of Canada upped their price objective on shares of Sun Communities from $131.00 to $137.
00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Truist Financial upped their target price on Sun Communities from $127.00 to $138.
00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. StockNews.com lowered Sun Communities from a “hold” rating to a “sell” rating in a research report on Friday, August 9th.
Robert W. Baird upped their target price on Sun Communities from $144.00 to $145.
00 and gave the company an “outperform” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI lowered Sun Communities from an “outperform” rating to an “inline” rating and upped their target price for the company from $144.00 to $149.
00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.
com, the stock presently has a consensus rating of “Hold” and an average price target of $138.09. Check Out Our Latest Stock Analysis on SUI About Sun Communities ( Free Report ) Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993.
The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S.
, the UK and Canada. Featured Stories Want to see what other hedge funds are holding SUI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Communities, Inc.
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