Sun Communities Inc (SUI) Shares Sold by Greenleaf Trust
Greenleaf Trust reduced its stake in shares of Sun Communities Inc (NYSE:SUI) by 23.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,476 shares of the real estate investment trust’s stock after selling 775 shares during the period. Greenleaf Trust’s holdings in Sun Communities were worth $293,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in SUI. Ffcm LLC purchased a new position in shares of Sun Communities in the fourth quarter valued at $26,000. Lindbrook Capital LLC purchased a new position in shares of Sun Communities in the fourth quarter valued at $31,000. Optimum Investment Advisors grew its holdings in shares of Sun Communities by 14.8% in the first quarter. Optimum Investment Advisors now owns 775 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 100 shares in the last quarter. Executive Wealth Management LLC purchased a new position in shares of Sun Communities in the fourth quarter valued at $102,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of Sun Communities by 43.2% in the first quarter. Quadrant Capital Group LLC now owns 1,200 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 362 shares in the last quarter. 91.15% of the stock is owned by institutional investors and hedge funds.
SUI stock opened at $126.13 on Friday. Sun Communities Inc has a fifty-two week low of $93.16 and a fifty-two week high of $127.39. The firm has a market capitalization of $10.75 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 4.38 and a beta of 0.31.
A number of research analysts recently weighed in on the stock. Wells Fargo & Co lowered shares of Sun Communities from an “outperform” rating to a “market perform” rating and set a $118.00 target price for the company. in a report on Tuesday, March 26th. Zacks Investment Research lowered shares of Sun Communities from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $110.17.
In other Sun Communities news, Director Clunet R. Lewis sold 2,400 shares of Sun Communities stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $117.34, for a total transaction of $281,616.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $2,346,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Colman sold 1,653 shares of Sun Communities stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $114.00, for a total transaction of $188,442.00. The disclosure for this sale can be found here. Insiders have sold 16,912 shares of company stock valued at $1,985,363 over the last ninety days. 3.34% of the stock is owned by insiders.
TRADEMARK VIOLATION WARNING: This story was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/sun-communities-inc-sui-shares-sold-by-greenleaf-trust/3021884.html.
Sun Communities Company Profile
Sun Communities, Inc is a REIT that, as of March 31, 2019, owned, operated, or had an interest in a portfolio of 379 communities comprising over 132,000 developed sites in 31 states and Ontario, Canada.
See Also: Producer Price Index (PPI)
Want to see what other hedge funds are holding SUI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Communities Inc (NYSE:SUI).
Receive News & Ratings for Sun Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Communities and related companies with MarketBeat.com's FREE daily email newsletter.