Sun Communities, Inc. (NYSE:SUI) Director Craig Leupold Sells 2,500 Shares

Sun Communities, Inc. (NYSE:SUIGet Free Report) Director Craig Leupold sold 2,500 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $128.39, for a total value of $320,975.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Sun Communities Stock Performance

SUI opened at $128.58 on Friday. The stock has a 50-day moving average of $128.99 and a 200-day moving average of $125.06. Sun Communities, Inc. has a 52-week low of $102.74 and a 52-week high of $143.99. The company has a market cap of $16.00 billion, a PE ratio of 112.79, a price-to-earnings-growth ratio of 8.20 and a beta of 0.81. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.66 and a current ratio of 1.66.

Sun Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.94 per share. This is an increase from Sun Communities’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.76 annualized dividend and a yield of 2.92%. Sun Communities’s dividend payout ratio is presently 329.83%.

Institutional Trading of Sun Communities

Hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. lifted its position in shares of Sun Communities by 9.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,846 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 155 shares during the period. DNB Asset Management AS lifted its position in shares of Sun Communities by 5.6% in the 4th quarter. DNB Asset Management AS now owns 17,647 shares of the real estate investment trust’s stock worth $2,359,000 after acquiring an additional 932 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in shares of Sun Communities by 2,782.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 227,595 shares of the real estate investment trust’s stock worth $26,934,000 after acquiring an additional 219,698 shares during the period. Schroder Investment Management Group lifted its position in shares of Sun Communities by 50.8% in the 3rd quarter. Schroder Investment Management Group now owns 562,238 shares of the real estate investment trust’s stock worth $66,535,000 after acquiring an additional 189,510 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Sun Communities by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,013,843 shares of the real estate investment trust’s stock worth $119,978,000 after acquiring an additional 8,200 shares during the period. Institutional investors own 99.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SUI. Deutsche Bank Aktiengesellschaft began coverage on Sun Communities in a research report on Tuesday, January 30th. They set a “hold” rating and a $129.00 target price on the stock. Compass Point upped their price target on Sun Communities from $116.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Truist Financial dropped their price target on Sun Communities from $143.00 to $136.00 and set a “hold” rating on the stock in a research report on Monday, March 18th. BMO Capital Markets dropped their target price on Sun Communities from $143.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Finally, Barclays dropped their target price on Sun Communities from $157.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $141.17.

Read Our Latest Analysis on SUI

Sun Communities Company Profile

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Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.

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

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