Creative Planning decreased its position in Sun Communities, Inc. (NYSE:SUI – Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,052 shares of the real estate investment trust’s stock after selling 293 shares during the quarter. Creative Planning’s holdings in Sun Communities were worth $728,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in SUI. Farmers & Merchants Investments Inc. acquired a new stake in Sun Communities in the 1st quarter worth approximately $26,000. V Square Quantitative Management LLC acquired a new stake in Sun Communities in the 4th quarter worth approximately $32,000. Quest Partners LLC lifted its holdings in Sun Communities by 12,700.0% in the 2nd quarter. Quest Partners LLC now owns 384 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 381 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Sun Communities in the 2nd quarter worth approximately $62,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Sun Communities in the 1st quarter worth approximately $83,000. Institutional investors own 99.59% of the company’s stock.
Insider Buying and Selling at Sun Communities
In other Sun Communities news, CEO Baxter Underwood sold 3,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $131.43, for a total value of $394,290.00. Following the sale, the chief executive officer now directly owns 63,462 shares in the company, valued at $8,340,810.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.89% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on SUI
Sun Communities Stock Performance
Shares of NYSE SUI opened at $129.80 on Friday. The business has a fifty day simple moving average of $134.84 and a 200 day simple moving average of $125.43. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 150.93, a PEG ratio of 0.93 and a beta of 0.91. Sun Communities, Inc. has a one year low of $102.74 and a one year high of $147.83.
Sun Communities Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.90%. Sun Communities’s payout ratio is 437.21%.
Sun Communities Company Profile
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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