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

Tributary Capital Management LLC trimmed its holdings in Sun Communities, Inc. (NYSE:SUIFree Report) by 38.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,335 shares of the real estate investment trust’s stock after selling 1,450 shares during the period. Tributary Capital Management LLC’s holdings in Sun Communities were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SUI. Sugarloaf Wealth Management LLC raised its position in shares of Sun Communities by 9.2% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 927 shares of the real estate investment trust’s stock valued at $124,000 after acquiring an additional 78 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Sun Communities by 1.7% during the 4th quarter. Yousif Capital Management LLC now owns 6,236 shares of the real estate investment trust’s stock valued at $833,000 after acquiring an additional 105 shares in the last quarter. US Bancorp DE raised its position in shares of Sun Communities by 0.5% during the 4th quarter. US Bancorp DE now owns 20,541 shares of the real estate investment trust’s stock valued at $2,745,000 after acquiring an additional 107 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of Sun Communities by 4.9% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 2,944 shares of the real estate investment trust’s stock valued at $393,000 after acquiring an additional 138 shares in the last quarter. Finally, Centaurus Financial Inc. raised its position in shares of Sun Communities by 12.8% during the 4th quarter. Centaurus Financial Inc. now owns 1,274 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 145 shares in the last quarter. 99.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SUI shares. Truist Financial dropped their target price on Sun Communities from $143.00 to $136.00 and set a “hold” rating on the stock in a research report on Monday, March 18th. Compass Point increased their target price on Sun Communities from $116.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Evercore ISI dropped their target price on Sun Communities from $145.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Royal Bank of Canada dropped their target price on Sun Communities from $142.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $150.00 target price on shares of Sun Communities in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $136.27.

Get Our Latest Analysis on Sun Communities

Sun Communities Trading Down 0.6 %

Shares of SUI stock opened at $118.04 on Wednesday. The stock has a 50-day simple moving average of $117.71 and a 200 day simple moving average of $124.92. Sun Communities, Inc. has a fifty-two week low of $102.74 and a fifty-two week high of $141.52. The stock has a market capitalization of $14.71 billion, a P/E ratio of 101.76, a P/E/G ratio of 1.06 and a beta of 0.89. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.08.

Sun Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.76 annualized dividend and a yield of 3.19%. Sun Communities’s dividend payout ratio is currently 324.14%.

Sun Communities Profile

(Free Report)

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.

See Also

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

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