Sun Communities, Inc. (NYSE:SUI) Director Clunet R. Lewis purchased 131 shares of the stock in a transaction dated Monday, April 17th. The shares were acquired at an average price of $82.77 per share, with a total value of $10,842.87. Following the completion of the acquisition, the director now owns 18,800 shares in the company, valued at approximately $1,556,076. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Sun Communities, Inc. (SUI) traded up 0.25% during trading on Friday, reaching $85.68. The company had a trading volume of 296,173 shares. The firm has a 50-day moving average of $89.17 and a 200 day moving average of $86.12. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 122.58 and a beta of 0.29. Sun Communities, Inc. has a 52 week low of $69.90 and a 52 week high of $91.87.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, September 28th. Sun Communities’s dividend payout ratio (DPR) is presently 382.86%.

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A number of hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new stake in Sun Communities during the second quarter valued at about $676,000. Public Employees Retirement System of Ohio grew its position in Sun Communities by 4.9% during the second quarter. Public Employees Retirement System of Ohio now owns 109,992 shares of the real estate investment trust’s stock valued at $9,645,000 after acquiring an additional 5,141 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Sun Communities by 3.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,777 shares of the real estate investment trust’s stock valued at $857,000 after acquiring an additional 310 shares during the period. The Manufacturers Life Insurance Company grew its position in Sun Communities by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 2,299 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 178 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in Sun Communities by 476.5% during the second quarter. Cubist Systematic Strategies LLC now owns 12,222 shares of the real estate investment trust’s stock valued at $1,072,000 after acquiring an additional 10,102 shares during the period. 94.31% of the stock is owned by hedge funds and other institutional investors.

SUI has been the subject of a number of research analyst reports. BidaskClub cut Sun Communities from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Friday, June 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 price target on shares of Sun Communities in a report on Sunday, July 16th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Sun Communities presently has an average rating of “Buy” and an average price target of $89.71.

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).

Insider Buying and Selling by Quarter for Sun Communities (NYSE:SUI)

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