Exencial Wealth Advisors LLC Acquires 23,205 Shares of Sun Communities, Inc. (NYSE:SUI)

Exencial Wealth Advisors LLC raised its holdings in shares of Sun Communities, Inc. (NYSE:SUIGet Rating) by 118.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,725 shares of the real estate investment trust’s stock after acquiring an additional 23,205 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Sun Communities were worth $8,971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its position in Sun Communities by 5.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,189 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 57 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in Sun Communities by 2.3% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,650 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 60 shares during the period. Commerce Bank boosted its position in Sun Communities by 3.3% during the third quarter. Commerce Bank now owns 1,993 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 63 shares during the period. YorkBridge Wealth Partners LLC boosted its position in Sun Communities by 3.1% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 2,158 shares of the real estate investment trust’s stock worth $453,000 after purchasing an additional 65 shares during the period. Finally, National Asset Management Inc. boosted its position in Sun Communities by 5.3% during the fourth quarter. National Asset Management Inc. now owns 1,341 shares of the real estate investment trust’s stock worth $282,000 after purchasing an additional 67 shares during the period.

A number of research firms have recently weighed in on SUI. Barclays dropped their target price on Sun Communities from $236.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, April 14th. Truist Financial began coverage on Sun Communities in a report on Tuesday. They set a “buy” rating and a $185.00 target price for the company. TheStreet downgraded Sun Communities from a “b” rating to a “c+” rating in a report on Monday, March 14th. Zacks Investment Research downgraded Sun Communities from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Finally, JMP Securities began coverage on Sun Communities in a report on Wednesday, April 20th. They set an “outperform” rating and a $220.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $207.60.

SUI stock traded up $5.48 during midday trading on Friday, reaching $162.93. The company had a trading volume of 498,297 shares, compared to its average volume of 661,474. The company has a market capitalization of $19.81 billion, a price-to-earnings ratio of 52.56, a price-to-earnings-growth ratio of 2.47 and a beta of 0.63. The stock has a 50 day moving average price of $176.97 and a 200-day moving average price of $188.28. Sun Communities, Inc. has a 1-year low of $155.51 and a 1-year high of $211.79. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.40 and a quick ratio of 3.40.

Sun Communities (NYSE:SUIGet Rating) last posted its quarterly earnings results on Monday, April 25th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). Sun Communities had a net margin of 14.97% and a return on equity of 5.09%. During the same period last year, the company posted $1.26 earnings per share. As a group, research analysts anticipate that Sun Communities, Inc. will post 7.29 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Wednesday, March 30th. This is a boost from Sun Communities’s previous quarterly dividend of $0.83. Sun Communities’s payout ratio is currently 113.55%.

In other news, Director Clunet R. Lewis sold 500 shares of the business’s stock in a transaction dated Thursday, February 24th. The stock was sold at an average price of $177.63, for a total transaction of $88,815.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO John Bandini Mclaren sold 11,500 shares of the business’s stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $180.27, for a total value of $2,073,105.00. Following the sale, the chief operating officer now owns 148,691 shares in the company, valued at $26,804,526.57. The disclosure for this sale can be found here. Insiders own 2.25% of the company’s stock.

Sun Communities Profile (Get Rating)

Sun Communities, Inc is a REIT that, as of September 30, 2020, owned, operated, or had an interest in a portfolio of 432 communities comprising nearly 146,000 developed sites in 32 states and Ontario, Canada.

See Also

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

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