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).

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

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