Blair William & Co. IL Sells 1,675 Shares of Sun Communities, Inc. (SUI)
Blair William & Co. IL lowered its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 11.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,930 shares of the real estate investment trust’s stock after selling 1,675 shares during the period. Blair William & Co. IL’s holdings in Sun Communities were worth $1,134,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in SUI. US Bancorp DE raised its stake in Sun Communities by 105.2% in the second quarter. US Bancorp DE now owns 1,473 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 755 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Sun Communities by 6.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,255 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 133 shares in the last quarter. Norris Perne & French LLP MI acquired a new stake in Sun Communities during the first quarter valued at approximately $201,000. Laurion Capital Management LP acquired a new stake in Sun Communities during the first quarter valued at approximately $201,000. Finally, Moody Aldrich Partners LLC acquired a new stake in Sun Communities during the second quarter valued at approximately $201,000. 94.46% of the stock is owned by institutional investors and hedge funds.
Shares of Sun Communities, Inc. (NYSE:SUI) opened at 89.67 on Tuesday. The stock has a market cap of $7.08 billion, a P/E ratio of 128.28 and a beta of 0.28. The company has a 50 day moving average of $88.46 and a 200 day moving average of $85.11. Sun Communities, Inc. has a 12 month low of $69.90 and a 12 month high of $91.37.
Sun Communities (NYSE:SUI) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by $0.03. The company had revenue of $237.90 million for the quarter, compared to analyst estimates of $210.58 million. Sun Communities had a return on equity of 2.59% and a net margin of 6.82%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. Equities research analysts expect that Sun Communities, Inc. will post $0.99 earnings per share for the current fiscal year.
SUI has been the subject of several recent research reports. Zacks Investment Research raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Saturday, June 17th. Bank of America Corporation upgraded shares of Sun Communities from an “underperform” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Monday, May 22nd. BidaskClub downgraded shares of Sun Communities from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $92.00 price target on shares of Sun Communities in a research report on Sunday, July 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Sun Communities currently has a consensus rating of “Hold” and an average price target of $90.17.
In other news, COO John Bandini Mclaren sold 5,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $88.43, for a total transaction of $477,522.00. Following the completion of the sale, the chief operating officer now owns 153,159 shares of the company’s stock, valued at approximately $13,543,850.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.15% of the company’s stock.
Sun Communities Company 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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