Schwab Charles Investment Management Inc. lifted its stake in Sun Communities Inc (NYSE:SUI) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 776,592 shares of the real estate investment trust’s stock after buying an additional 46,861 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Sun Communities were worth $72,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Cohen & Steers Inc. boosted its position in shares of Sun Communities by 0.4% in the third quarter. Cohen & Steers Inc. now owns 9,567,842 shares of the real estate investment trust’s stock worth $819,773,000 after buying an additional 41,383 shares during the period. Principal Financial Group Inc. boosted its holdings in Sun Communities by 8.1% in the third quarter. Principal Financial Group Inc. now owns 2,891,855 shares of the real estate investment trust’s stock valued at $247,774,000 after purchasing an additional 215,897 shares during the last quarter. State Street Corp boosted its holdings in Sun Communities by 4.9% in the second quarter. State Street Corp now owns 2,190,229 shares of the real estate investment trust’s stock valued at $192,065,000 after purchasing an additional 102,950 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Sun Communities by 13.9% in the third quarter. Bank of New York Mellon Corp now owns 1,745,275 shares of the real estate investment trust’s stock valued at $149,535,000 after purchasing an additional 212,612 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Sun Communities by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,019,268 shares of the real estate investment trust’s stock valued at $87,330,000 after purchasing an additional 25,291 shares during the last quarter. 93.12% of the stock is owned by institutional investors.

In other Sun Communities news, EVP Jonathan Colman sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $93.21, for a total transaction of $186,420.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.15% of the company’s stock.

A number of research analysts recently commented on SUI shares. BMO Capital Markets started coverage on Sun Communities in a report on Monday, October 9th. They issued an “outperform” rating and a $96.00 price target for the company. Zacks Investment Research downgraded Sun Communities from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Royal Bank of Canada increased their price target on Sun Communities from $95.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. ValuEngine raised Sun Communities from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, Evercore ISI raised Sun Communities from an “in-line” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Monday, December 4th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $93.57.

Shares of Sun Communities Inc (NYSE SUI) opened at $87.32 on Friday. Sun Communities Inc has a one year low of $78.12 and a one year high of $96.08. The stock has a market capitalization of $6,951.20, a P/E ratio of 118.00, a price-to-earnings-growth ratio of 3.06 and a beta of 0.15.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, December 28th. Sun Communities’s payout ratio is currently 362.16%.

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

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