Siemens Fonds Invest GmbH Invests $1.27 Million in Sun Communities, Inc. (NYSE:SUI)

Siemens Fonds Invest GmbH acquired a new stake in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,017 shares of the real estate investment trust's stock, valued at approximately $1,265,000.

Other hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd grew its position in shares of Sun Communities by 263.6% during the 4th 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. Smartleaf Asset Management LLC grew its position in shares of Sun Communities by 45.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 399 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 124 shares during the period. Natixis bought a new stake in shares of Sun Communities during the 4th quarter valued at $90,000. Quadrant Capital Group LLC grew its position in shares of Sun Communities by 17.2% during the 4th quarter. Quadrant Capital Group LLC now owns 837 shares of the real estate investment trust's stock valued at $103,000 after acquiring an additional 123 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Sun Communities by 86.2% during the 4th quarter. Blue Trust Inc. now owns 1,164 shares of the real estate investment trust's stock valued at $157,000 after acquiring an additional 539 shares during the period. Institutional investors own 99.59% of the company's stock.

Sun Communities Stock Up 0.2%

NYSE SUI traded up $0.30 on Monday, hitting $123.74. The stock had a trading volume of 601,322 shares, compared to its average volume of 836,936. The business's fifty day moving average price is $123.36 and its 200 day moving average price is $125.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.61 and a quick ratio of 1.61. Sun Communities, Inc. has a 52-week low of $109.22 and a 52-week high of $147.83. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of 66.53 and a beta of 0.86.

Sun Communities (NYSE:SUI - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.08. The firm had revenue of $470.20 million for the quarter, compared to analyst estimates of $538.63 million. Sun Communities had a net margin of 7.46% and a return on equity of 3.21%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 earnings per share. Equities research analysts anticipate that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.94 per share. The ex-dividend date was Monday, March 31st. This represents a $3.76 annualized dividend and a yield of 3.04%. Sun Communities's dividend payout ratio is presently 606.45%.

Wall Street Analysts Forecast Growth

SUI has been the subject of several recent analyst reports. 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 assumed coverage on shares of Sun Communities in a report on Tuesday, April 8th. They issued a "buy" rating and a $150.00 target price for the company. Bank of America increased their price objective on shares of Sun Communities from $124.00 to $132.00 and gave the company an "underperform" rating in a report on Monday, May 12th. Wall Street Zen raised shares of Sun Communities from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Royal Bank of Canada dropped their price objective on shares of Sun Communities from $154.00 to $147.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Sun Communities currently has a consensus rating of "Hold" and a consensus price target of $138.91.

Sun Communities Profile

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.