Amica Mutual Insurance Co. Sells 12,163 Shares of Sun Communities, Inc. (SUI)
Amica Mutual Insurance Co. lessened its stake in Sun Communities, Inc. (NYSE:SUI) by 24.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,614 shares of the real estate investment trust’s stock after selling 12,163 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Sun Communities were worth $3,308,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of SUI. Bank of New York Mellon Corp lifted its holdings in shares of Sun Communities by 303.3% in the second quarter. Bank of New York Mellon Corp now owns 1,532,663 shares of the real estate investment trust’s stock valued at $134,399,000 after purchasing an additional 1,152,596 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sun Communities by 9.4% in the second quarter. Vanguard Group Inc. now owns 11,504,907 shares of the real estate investment trust’s stock valued at $1,008,865,000 after purchasing an additional 983,835 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Sun Communities in the second quarter valued at approximately $70,725,000. Renaissance Technologies LLC lifted its holdings in shares of Sun Communities by 305.2% in the second quarter. Renaissance Technologies LLC now owns 676,700 shares of the real estate investment trust’s stock valued at $59,340,000 after purchasing an additional 509,700 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Sun Communities by 9.7% in the second quarter. BlackRock Inc. now owns 5,132,844 shares of the real estate investment trust’s stock valued at $450,100,000 after purchasing an additional 454,187 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.
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Shares of Sun Communities, Inc. (NYSE SUI) traded down $0.28 during trading on Friday, reaching $93.17. The company had a trading volume of 244,000 shares, compared to its average volume of 360,622. The company has a market capitalization of $7,392.35, a price-to-earnings ratio of 22.72, a P/E/G ratio of 3.56 and a beta of 0.28. Sun Communities, Inc. has a 1-year low of $70.34 and a 1-year high of $93.85.
Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.79. The business had revenue of $268.20 million for the quarter, compared to analyst estimates of $239.45 million. Sun Communities had a return on equity of 2.76% and a net margin of 7.37%. During the same period last year, the company posted $1.13 earnings per share. equities analysts forecast that Sun Communities, Inc. will post 4.16 EPS for the current fiscal year.
In other Sun Communities news, Director Clunet R. Lewis sold 1,292 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $86.52, for a total value of $111,783.84. Following the sale, the director now directly owns 18,800 shares in the company, valued at $1,626,576. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Clunet R. Lewis sold 5,292 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $86.20, for a total value of $456,170.40. Following the completion of the sale, the director now owns 18,800 shares in the company, valued at $1,620,560. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,584 shares of company stock worth $1,010,694. Corporate insiders own 4.15% of the company’s stock.
A number of research analysts have recently weighed in on the company. ValuEngine upgraded Sun Communities from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Robert W. Baird reiterated a “buy” rating and set a $95.00 price target on shares of Sun Communities in a report on Friday, September 8th. Zacks Investment Research upgraded Sun Communities from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank Of Canada lifted their price target on Sun Communities from $95.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $96.00 price target on shares of Sun Communities in a report on Monday, October 23rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Sun Communities presently has a consensus rating of “Buy” and a consensus price target of $92.29.
Sun Communities 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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