MGO One Seven LLC trimmed its stake in Sun Communities, Inc. (NYSE:SUI – Get Rating) by 10.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,082 shares of the real estate investment trust’s stock after selling 369 shares during the quarter. MGO One Seven LLC’s holdings in Sun Communities were worth $441,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in shares of Sun Communities by 7.6% during the third quarter. Advisors Asset Management Inc. now owns 8,215 shares of the real estate investment trust’s stock valued at $1,112,000 after purchasing an additional 577 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of Sun Communities by 6.4% during the fourth quarter. Yousif Capital Management LLC now owns 5,956 shares of the real estate investment trust’s stock valued at $852,000 after purchasing an additional 360 shares in the last quarter. Ethic Inc. raised its stake in shares of Sun Communities by 30.8% during the third quarter. Ethic Inc. now owns 3,268 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 770 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of Sun Communities by 6.4% during the third quarter. Apollon Wealth Management LLC now owns 2,629 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 157 shares in the last quarter. Finally, Capital Square LLC raised its stake in shares of Sun Communities by 31.5% during the third quarter. Capital Square LLC now owns 8,577 shares of the real estate investment trust’s stock valued at $1,160,000 after purchasing an additional 2,055 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.
Sun Communities Trading Up 0.9 %
Shares of SUI opened at $140.61 on Friday. The business’s 50-day moving average price is $145.60 and its 200 day moving average price is $141.47. The stock has a market capitalization of $17.49 billion, a P/E ratio of 71.02, a P/E/G ratio of 2.87 and a beta of 0.71. Sun Communities, Inc. has a 1-year low of $117.63 and a 1-year high of $193.67. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.89.
Sun Communities Increases Dividend
Insider Buying and Selling
In related news, Director Clunet R. Lewis sold 1,500 shares of Sun Communities stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $148.51, for a total value of $222,765.00. Following the transaction, the director now owns 26,900 shares of the company’s stock, valued at approximately $3,994,919. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.25% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
SUI has been the topic of several research reports. Truist Financial dropped their price target on shares of Sun Communities from $166.00 to $163.00 and set a “buy” rating on the stock in a research report on Friday, March 31st. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of Sun Communities in a research report on Wednesday, March 8th. Wells Fargo & Company initiated coverage on shares of Sun Communities in a research report on Wednesday, March 29th. They issued an “equal weight” rating and a $151.00 price target on the stock. Finally, StockNews.com upgraded shares of Sun Communities to a “sell” rating in a research report on Tuesday, March 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sun Communities presently has a consensus rating of “Moderate Buy” and an average price target of $166.63.
Sun Communities Company Profile
Sun Communities, Inc provides real estate management services. The firm operates through the following segments: Manufactured Home Communities, Recreational Vehicle, and Marina. The Manufactured Home Communities segment owns, operates, and develops manufactured housing communities and is in the business of acquiring, operating, and developing ground up communities to provide housing solutions.
Read More
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