Sun Communities, Inc. (SUI) EVP Jonathan Colman Sells 2,000 Shares of Stock
Sun Communities, Inc. (NYSE:SUI) EVP Jonathan Colman sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $93.21, for a total value of $186,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Jonathan Colman also recently made the following trade(s):
- On Friday, September 29th, Jonathan Colman sold 3,000 shares of Sun Communities stock. The shares were sold at an average price of $85.44, for a total value of $256,320.00.
Sun Communities, Inc. (NYSE:SUI) remained flat at $$92.95 during mid-day trading on Wednesday. Sun Communities, Inc. has a twelve month low of $69.90 and a twelve month high of $93.84. The company has a market capitalization of $7,370.00, a PE ratio of 22.69, a P/E/G ratio of 3.55 and a beta of 0.28.
Sun Communities (NYSE:SUI) last posted its earnings results on Monday, October 23rd. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.79. Sun Communities had a return on equity of 2.76% and a net margin of 7.37%. The company had revenue of $268.20 million for the quarter, compared to analyst estimates of $239.45 million. During the same quarter last year, the company earned $1.13 earnings per share. sell-side analysts forecast that Sun Communities, Inc. will post 4.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.67 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.88%. Sun Communities’s dividend payout ratio is presently 362.16%.
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Several hedge funds have recently bought and sold shares of SUI. Bank of New York Mellon Corp lifted its holdings in shares of Sun Communities by 303.3% in the second quarter. Bank of New York Mellon Corp now owns 1,532,663 shares of the real estate investment trust’s stock valued at $134,399,000 after purchasing an additional 1,152,596 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sun Communities by 9.4% in the second quarter. Vanguard Group Inc. now owns 11,504,907 shares of the real estate investment trust’s stock valued at $1,008,865,000 after purchasing an additional 983,835 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Sun Communities in the second quarter valued at approximately $70,725,000. Renaissance Technologies LLC lifted its holdings in shares of Sun Communities by 305.2% in the second quarter. Renaissance Technologies LLC now owns 676,700 shares of the real estate investment trust’s stock valued at $59,340,000 after purchasing an additional 509,700 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Sun Communities by 9.7% in the second quarter. BlackRock Inc. now owns 5,132,844 shares of the real estate investment trust’s stock valued at $450,100,000 after purchasing an additional 454,187 shares in the last quarter. Institutional investors own 94.24% of the company’s stock.
A number of brokerages have commented on SUI. BMO Capital Markets began coverage on Sun Communities in a research note on Monday, October 9th. They issued an “outperform” rating and a $96.00 price objective for the company. Zacks Investment Research raised Sun Communities from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Royal Bank Of Canada raised their price objective on Sun Communities from $95.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Robert W. Baird reissued a “buy” rating and issued a $95.00 price objective on shares of Sun Communities in a research note on Friday, September 8th. Finally, BidaskClub cut Sun Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four 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 an average rating of “Buy” and an average target price of $92.29.
About Sun Communities
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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