Sun Communities Inc (SUI) Holdings Cut by State Board of Administration of Florida Retirement System

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.

Several research analysts have recently weighed in on SUI shares. Citigroup increased their price target on Sun Communities from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, October 29th. Zacks Investment Research downgraded Sun Communities from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $108.50.

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%.

COPYRIGHT VIOLATION WARNING: “Sun Communities Inc (SUI) Holdings Cut by State Board of Administration of Florida Retirement System” was reported by WKRB News and is the property of of WKRB News. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.wkrb13.com/2019/02/12/sun-communities-inc-sui-holdings-cut-by-state-board-of-administration-of-florida-retirement-system.html.

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.

Featured Story: How do buyers and sellers choose a strike price?

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

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

Leave a Reply