Amalgamated Bank grew its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,857 shares of the real estate investment trust’s stock after purchasing an additional 877 shares during the period. Amalgamated Bank’s holdings in Sun Communities were worth $1,187,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Picton Mahoney Asset Management acquired a new position in shares of Sun Communities during the 3rd quarter worth approximately $14,651,000. Cadence Capital Management LLC boosted its position in shares of Sun Communities by 38.0% during the 3rd quarter. Cadence Capital Management LLC now owns 5,588 shares of the real estate investment trust’s stock worth $479,000 after acquiring an additional 1,540 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Sun Communities by 6.8% during the 3rd quarter. Schroder Investment Management Group now owns 274,661 shares of the real estate investment trust’s stock worth $23,475,000 after acquiring an additional 17,425 shares in the last quarter. Capital Growth Management LP boosted its position in shares of Sun Communities by 77.6% during the 3rd quarter. Capital Growth Management LP now owns 515,000 shares of the real estate investment trust’s stock worth $44,125,000 after acquiring an additional 225,000 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Sun Communities by 17.0% during the 3rd quarter. Legal & General Group Plc now owns 231,342 shares of the real estate investment trust’s stock worth $19,822,000 after acquiring an additional 33,570 shares in the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.

In other Sun Communities news, Director Clunet R. Lewis sold 5,292 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $86.20, for a total value of $456,170.40. Following the sale, the director now owns 18,800 shares in the company, valued at $1,620,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Colman sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $85.44, for a total transaction of $256,320.00. Following the completion of the sale, the executive vice president now owns 33,985 shares in the company, valued at approximately $2,903,678.40. The disclosure for this sale can be found here. Insiders sold 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.

Shares of Sun Communities, Inc. (SUI) traded up $0.67 during trading on Friday, reaching $93.73. 289,976 shares of the company’s stock were exchanged, compared to its average volume of 265,745. Sun Communities, Inc. has a 1 year low of $71.27 and a 1 year high of $93.98. The firm has a market capitalization of $7,383.62, a price-to-earnings ratio of 22.70, a P/E/G ratio of 3.55 and a beta of 0.27.

Sun Communities (NYSE:SUI) last issued its earnings results on Monday, October 23rd. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.79. Sun Communities had a net margin of 7.37% and a return on equity of 2.76%. The firm had revenue of $268.20 million for the quarter, compared to analyst estimates of $239.45 million. During the same quarter last year, the business posted $1.13 earnings per share. equities research analysts forecast that Sun Communities, Inc. will post 4.16 earnings per share for the current year.

SUI has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Sun Communities from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Friday, September 29th. Robert W. Baird reiterated a “buy” rating and set a $95.00 price target on shares of Sun Communities in a research report on Friday, September 8th. BMO Capital Markets reiterated a “buy” rating and set a $96.00 price target on shares of Sun Communities in a research report on Monday, October 23rd. ValuEngine upgraded shares of Sun Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Royal Bank Of Canada increased their price target on shares of Sun Communities from $95.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $92.29.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/02/amalgamated-bank-has-1-19-million-holdings-in-sun-communities-inc-sui.html.

Sun Communities Profile

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).

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).

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

Receive News & Stock Ratings for Sun Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Communities Inc. and related stocks with our FREE daily email newsletter.