State Board of Administration of Florida Retirement System lessened its holdings in Sun Communities Inc (NYSE:SUI) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,409 shares of the real estate investment trust’s stock after selling 397 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.12% of Sun Communities worth $10,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in SUI. Quadrant Capital Group LLC grew its stake in shares of Sun Communities by 20.9% during the 4th quarter. Quadrant Capital Group LLC now owns 838 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 145 shares during the period. Winslow Evans & Crocker Inc. bought a new position in shares of Sun Communities during the 3rd quarter worth $126,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Sun Communities during the 3rd quarter worth $162,000. Bailard Inc. bought a new position in shares of Sun Communities during the 3rd quarter worth $203,000. Finally, RB Capital Management LLC bought a new position in shares of Sun Communities during the 4th quarter worth $211,000. Hedge funds and other institutional investors own 93.07% of the company’s stock.
In other Sun Communities news, COO John Bandini Mclaren sold 2,400 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $103.42, for a total value of $248,208.00. Following the completion of the transaction, the chief operating officer now owns 152,624 shares in the company, valued at approximately $15,784,374.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.69% of the stock is owned by company insiders.
Shares of NYSE SUI opened at $113.56 on Tuesday. Sun Communities Inc has a 52 week low of $82.04 and a 52 week high of $114.57. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 3.60 and a beta of 0.28.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a $0.71 dividend. The ex-dividend date was Friday, December 28th. This represents a $2.84 annualized dividend and a yield of 2.50%. Sun Communities’s dividend payout ratio is currently 68.11%.
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Sun Communities Company Profile
Sun Communities, Inc is a REIT that, as of September 30, 2018, owned, operated, or had an interest in a portfolio of 370 communities comprising over 127,000 developed sites in 31 states and Ontario, Canada.
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