Stratos Wealth Partners LTD. Has $330,000 Holdings in Sun Communities, Inc. (NYSE:SUI)

Stratos Wealth Partners LTD. cut its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,680 shares of the real estate investment trust’s stock after selling 481 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sun Communities were worth $330,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. abrdn plc grew its stake in Sun Communities by 343.5% in the fourth quarter. abrdn plc now owns 277,988 shares of the real estate investment trust’s stock valued at $34,098,000 after acquiring an additional 215,314 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in Sun Communities by 6.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 11,187 shares of the real estate investment trust’s stock valued at $1,376,000 after acquiring an additional 637 shares during the period. Osborne Partners Capital Management LLC grew its stake in Sun Communities by 0.9% in the fourth quarter. Osborne Partners Capital Management LLC now owns 44,171 shares of the real estate investment trust’s stock valued at $5,432,000 after acquiring an additional 414 shares during the period. Legacy Trust acquired a new position in Sun Communities in the fourth quarter valued at about $625,000. Finally, Forsta AP Fonden grew its stake in Sun Communities by 10.2% in the fourth quarter. Forsta AP Fonden now owns 20,500 shares of the real estate investment trust’s stock valued at $2,521,000 after acquiring an additional 1,900 shares during the period. 99.59% of the stock is owned by institutional investors and hedge funds.

Sun Communities Price Performance

NYSE:SUI opened at $125.02 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.93. The stock’s 50 day moving average price is $124.30 and its two-hundred day moving average price is $129.69. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 67.22 and a beta of 0.90. Sun Communities, Inc. has a 12-month low of $110.98 and a 12-month high of $147.83.

Sun Communities Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SUI shares. Truist Financial raised Sun Communities from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Royal Bank of Canada cut their price target on Sun Communities from $147.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. UBS Group lowered Sun Communities from a “buy” rating to a “neutral” rating and cut their price target for the company from $155.00 to $134.00 in a report on Thursday, November 14th. BMO Capital Markets cut their price target on Sun Communities from $145.00 to $138.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, StockNews.com lowered Sun Communities from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $134.55.

Sun Communities 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.