New York State Common Retirement Fund boosted its position in Sun Communities, Inc. (NYSE:SUI) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 156,800 shares of the real estate investment trust’s stock after acquiring an additional 1,896 shares during the period. New York State Common Retirement Fund owned 0.20% of Sun Communities worth $13,750,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial For Lutherans raised its stake in Sun Communities by 0.3% in the 1st quarter. Thrivent Financial For Lutherans now owns 60,971 shares of the real estate investment trust’s stock valued at $4,898,000 after acquiring an additional 200 shares during the period. UBS Group AG raised its stake in Sun Communities by 29.5% in the 1st quarter. UBS Group AG now owns 66,239 shares of the real estate investment trust’s stock valued at $5,322,000 after acquiring an additional 15,087 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Sun Communities by 17.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 621,487 shares of the real estate investment trust’s stock valued at $54,499,000 after acquiring an additional 92,444 shares during the period. Morgan Stanley raised its stake in Sun Communities by 18.3% in the 1st quarter. Morgan Stanley now owns 170,543 shares of the real estate investment trust’s stock valued at $13,699,000 after acquiring an additional 26,419 shares during the period. Finally, Credit Suisse AG raised its stake in Sun Communities by 4.6% in the 1st quarter. Credit Suisse AG now owns 425,958 shares of the real estate investment trust’s stock valued at $34,218,000 after acquiring an additional 18,726 shares during the period. Institutional investors and hedge funds own 94.31% of the company’s stock.

A number of brokerages recently issued reports on SUI. BidaskClub upgraded Sun Communities from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Robert W. Baird restated a “buy” rating and issued a $95.00 price objective on shares of Sun Communities in a research note on Friday, September 8th. Zacks Investment Research cut Sun Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $92.00 price objective on shares of Sun Communities in a research note on Sunday, July 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $89.71.

In other news, EVP Jonathan Colman sold 3,000 shares of Sun Communities stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $85.44, for a total transaction of $256,320.00. Following the transaction, the executive vice president now directly owns 33,985 shares of the company’s stock, valued at approximately $2,903,678.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John Bandini Mclaren sold 5,400 shares of Sun Communities stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $88.43, for a total value of $477,522.00. Following the transaction, the chief operating officer now directly owns 153,159 shares in the company, valued at $13,543,850.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,984 shares of company stock worth $1,301,796. Insiders own 4.15% of the company’s stock.

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Shares of Sun Communities, Inc. (SUI) opened at 87.23 on Thursday. The company has a market capitalization of $6.89 billion, a PE ratio of 124.79 and a beta of 0.30. The company has a 50-day moving average price of $88.52 and a 200-day moving average price of $86.55. Sun Communities, Inc. has a 52 week low of $69.90 and a 52 week high of $91.87.

Sun Communities (NYSE:SUI) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $237.90 million during the quarter, compared to analysts’ expectations of $210.58 million. Sun Communities had a return on equity of 2.59% and a net margin of 6.82%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. Analysts predict that Sun Communities, Inc. will post $0.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.67 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.07%. Sun Communities’s payout ratio is currently 382.86%.

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).

Institutional Ownership by Quarter for Sun Communities (NYSE:SUI)

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