Sun Communities, Inc. (NYSE:SUI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,312 shares of the real estate investment trust’s stock after selling 133 shares during the period. Yousif Capital Management LLC’s holdings in Sun Communities were worth $776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Sun Communities by 37.6% in the third quarter. FMR LLC now owns 5,233,656 shares of the real estate investment trust’s stock valued at $707,329,000 after acquiring an additional 1,430,630 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sun Communities by 1,061.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,323,479 shares of the real estate investment trust’s stock valued at $178,868,000 after purchasing an additional 1,209,522 shares during the period. Westfield Capital Management Co. LP raised its stake in shares of Sun Communities by 58.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 959,879 shares of the real estate investment trust’s stock worth $129,728,000 after buying an additional 355,427 shares in the last quarter. Adelante Capital Management LLC lifted its holdings in shares of Sun Communities by 168.7% in the third quarter. Adelante Capital Management LLC now owns 559,129 shares of the real estate investment trust’s stock valued at $75,566,000 after buying an additional 351,017 shares during the period. Finally, abrdn plc grew its holdings in Sun Communities by 343.5% during the fourth quarter. abrdn plc now owns 277,988 shares of the real estate investment trust’s stock worth $34,098,000 after acquiring an additional 215,314 shares during the period. Institutional investors own 99.59% of the company’s stock.

Sun Communities Stock Down 1.2 %

SUI opened at $125.11 on Friday. The company has a market capitalization of $15.94 billion, a PE ratio of 67.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.61 and a quick ratio of 1.61. Sun Communities, Inc. has a fifty-two week low of $110.98 and a fifty-two week high of $147.83. The business has a 50-day moving average of $124.27 and a 200-day moving average of $129.65.

Sun Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, December 31st. Sun Communities’s payout ratio is presently 202.15%.

Wall Street Analysts Forecast Growth

SUI has been the topic of several research reports. Wells Fargo & Company dropped their price target on Sun Communities from $154.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Bank of America lowered Sun Communities from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $147.00 to $114.00 in a research report on Tuesday, November 12th. Truist Financial upgraded shares of Sun Communities from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Baird R W downgraded Sun Communities from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Robert W. Baird lowered Sun Communities from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $145.00 to $126.00 in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $134.55.

About Sun Communities

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.