Sun Communities Inc. (NYSE:SUI) Director Stephanie W. Bergeron sold 4,850 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $70.63, for a total transaction of $342,555.50. Following the completion of the sale, the director now owns 16,000 shares of the company’s stock, valued at approximately $1,130,080. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Sun Communities Inc. (NYSE:SUI) traded up 0.06% during trading on Friday, reaching $70.55. 169,779 shares of the company’s stock traded hands. Sun Communities Inc. has a 1-year low of $62.58 and a 1-year high of $85.98. The company has a 50 day moving average of $76.03 and a 200-day moving average of $75.13. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 41.02 and a beta of 0.47.

Sun Communities (NYSE:SUI) last released its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Sun Communities had a net margin of 16.21% and a return on equity of 6.38%. The business earned $249.70 million during the quarter, compared to the consensus estimate of $146.83 million. During the same quarter last year, the company earned $1.05 earnings per share. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. Equities analysts predict that Sun Communities Inc. will post $3.78 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Sun Communities by 7.2% in the first quarter. Geode Capital Management LLC now owns 473,079 shares of the real estate investment trust’s stock worth $33,877,000 after buying an additional 31,936 shares during the last quarter. Wellington Management Group LLP increased its stake in Sun Communities by 368.6% in the first quarter. Wellington Management Group LLP now owns 128,650 shares of the real estate investment trust’s stock worth $9,213,000 after buying an additional 101,195 shares during the last quarter. HBK Investments L P bought a new stake in Sun Communities during the first quarter worth $415,000. Renaissance Technologies LLC increased its stake in Sun Communities by 8,985.7% in the first quarter. Renaissance Technologies LLC now owns 318,000 shares of the real estate investment trust’s stock worth $22,772,000 after buying an additional 314,500 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Sun Communities by 16.1% in the first quarter. Legal & General Group Plc now owns 113,077 shares of the real estate investment trust’s stock worth $8,090,000 after buying an additional 15,665 shares during the last quarter. 91.78% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Sun Communities from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Wednesday. Evercore ISI assumed coverage on shares of Sun Communities in a research report on Friday, October 14th. They issued a “buy” rating and a $85.00 price target for the company. BMO Capital Markets upgraded shares of Sun Communities from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research report on Friday, September 16th. Citigroup Inc. upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and upped their price target for the company from $80.00 to $86.00 in a research report on Monday, September 12th. Finally, TheStreet downgraded shares of Sun Communities from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $82.00.

About Sun Communities

Sun Communities, Inc (SHS) is a self-administered and self-managed real estate investment trust (REIT). The Company operates in two segments: Real Property Operations, and Home Sales and Rentals. The Real Property Operations segment owns, operates and develops manufactured housing (MH) and recreational vehicle (RV) throughout the United States and is in the business of acquiring, operating and expanding MH and RV communities.

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