Russell Investments Group Ltd. lowered its position in shares of Sun Communities, Inc. (NYSE:SUI) by 15.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 397,000 shares of the real estate investment trust’s stock after selling 74,242 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.50% of Sun Communities worth $34,023,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Sun Communities by 9.4% during the second quarter. Vanguard Group Inc. now owns 11,504,907 shares of the real estate investment trust’s stock worth $1,008,865,000 after acquiring an additional 983,835 shares during the last quarter. BlackRock Inc. boosted its position in Sun Communities by 9.7% during the second quarter. BlackRock Inc. now owns 5,132,844 shares of the real estate investment trust’s stock worth $450,100,000 after acquiring an additional 454,187 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Sun Communities by 2.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,903,615 shares of the real estate investment trust’s stock valued at $342,308,000 after purchasing an additional 107,844 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Sun Communities by 8.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,891,855 shares of the real estate investment trust’s stock valued at $247,774,000 after purchasing an additional 215,897 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Sun Communities by 4.9% in the 2nd quarter. State Street Corp now owns 2,190,229 shares of the real estate investment trust’s stock valued at $192,065,000 after purchasing an additional 102,950 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

In related news, EVP Jonathan Colman sold 2,000 shares of Sun Communities stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $93.21, for a total transaction of $186,420.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Clunet R. Lewis sold 1,292 shares of Sun Communities stock in a transaction on Monday, September 25th. The shares were sold at an average price of $86.52, for a total transaction of $111,783.84. Following the transaction, the director now owns 18,800 shares in the company, valued at approximately $1,626,576. The disclosure for this sale can be found here. Insiders have sold a total of 11,584 shares of company stock worth $1,010,694 in the last 90 days. Company insiders own 4.15% of the company’s stock.

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Sun Communities, Inc. (NYSE:SUI) opened at $93.45 on Wednesday. The firm has a market cap of $7,383.62, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 3.55 and a beta of 0.28. Sun Communities, Inc. has a 1-year low of $70.34 and a 1-year high of $93.85.

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 Thomson Reuters’ consensus estimate of $0.34 by $0.79. The business had revenue of $268.20 million for the quarter, compared to analyst estimates of $239.45 million. Sun Communities had a net margin of 7.37% and a return on equity of 2.76%. During the same quarter in the previous year, the business posted $1.13 EPS. research analysts expect that Sun Communities, Inc. will post 4.16 earnings per share for the current year.

A number of brokerages have weighed in on SUI. ValuEngine upgraded shares of Sun Communities from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Robert W. Baird reiterated a “buy” rating and issued a $95.00 price target on shares of Sun Communities in a report on Friday, September 8th. Zacks Investment Research upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank Of Canada lifted their price target on shares of Sun Communities from $95.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $96.00 price target on shares of Sun Communities in a report on Monday, October 23rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus 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).

Institutional Ownership by Quarter for Sun Communities (NYSE:SUI)

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