Barclays PLC lessened its position in Sun Communities, Inc. (NYSE:SUI - Free Report) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 111,174 shares of the real estate investment trust's stock after selling 16,112 shares during the period. Barclays PLC owned approximately 0.09% of Sun Communities worth $13,671,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in SUI. Treasurer of the State of North Carolina boosted its holdings in Sun Communities by 0.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 55,714 shares of the real estate investment trust's stock valued at $6,851,000 after purchasing an additional 290 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Sun Communities in the fourth quarter valued at approximately $16,051,000. APG Asset Management N.V. acquired a new position in Sun Communities during the fourth quarter worth $7,731,000. FMR LLC raised its position in Sun Communities by 51.3% in the fourth quarter. FMR LLC now owns 7,917,870 shares of the real estate investment trust's stock worth $973,660,000 after acquiring an additional 2,684,214 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in Sun Communities by 263.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 320 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 99.59% of the company's stock.
Sun Communities Trading Up 0.6 %
Shares of NYSE SUI traded up $0.67 during trading on Friday, hitting $122.87. 153,275 shares of the company traded hands, compared to its average volume of 807,055. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $15.68 billion, a P/E ratio of 66.06 and a beta of 0.84. The company has a 50-day moving average price of $127.29 and a 200-day moving average price of $126.92. Sun Communities, Inc. has a 1 year low of $109.22 and a 1 year high of $147.83.
Sun Communities (NYSE:SUI - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.02. The company had revenue of $745.90 million for the quarter, compared to the consensus estimate of $724.68 million. Sun Communities had a return on equity of 3.21% and a net margin of 7.46%. On average, equities analysts predict that Sun Communities, Inc. will post 6.77 EPS for the current year.
Sun Communities Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.94 per share. The ex-dividend date was Monday, March 31st. This represents a $3.76 annualized dividend and a dividend yield of 3.06%. Sun Communities's payout ratio is 508.11%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on SUI. Royal Bank of Canada reiterated an "outperform" rating on shares of Sun Communities in a report on Friday, February 28th. Truist Financial dropped their target price on shares of Sun Communities from $142.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Jefferies Financial Group initiated coverage on Sun Communities in a research note on Tuesday, April 8th. They set a "buy" rating and a $150.00 price target on the stock. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $140.00 price objective (down from $150.00) on shares of Sun Communities in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $135.70.
Read Our Latest Stock Report on SUI
Sun Communities Profile
(
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 Articles
Before you consider Sun Communities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Communities wasn't on the list.
While Sun Communities currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
