Captrust Financial Advisors Grows Stock Holdings in Sun Communities, Inc. (NYSE:SUI)

Captrust Financial Advisors lifted its position in Sun Communities, Inc. (NYSE:SUI) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,627 shares of the real estate investment trust’s stock after buying an additional 128 shares during the quarter. Captrust Financial Advisors’ holdings in Sun Communities were worth $446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC increased its stake in Sun Communities by 4.4% during the fourth quarter. Park Avenue Securities LLC now owns 4,811 shares of the real estate investment trust’s stock worth $592,000 after purchasing an additional 203 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of Sun Communities by 13.1% in the fourth quarter. Arkadios Wealth Advisors now owns 5,847 shares of the real estate investment trust’s stock valued at $719,000 after purchasing an additional 678 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Sun Communities by 4.2% in the fourth quarter. HB Wealth Management LLC now owns 5,183 shares of the real estate investment trust’s stock valued at $637,000 after purchasing an additional 207 shares in the last quarter. Aurora Investment Managers LLC. increased its stake in Sun Communities by 9.7% during the 4th quarter. Aurora Investment Managers LLC. now owns 27,490 shares of the real estate investment trust’s stock worth $3,380,000 after buying an additional 2,435 shares during the period. Finally, Cetera Trust Company N.A lifted its holdings in Sun Communities by 6.0% during the 4th quarter. Cetera Trust Company N.A now owns 1,865 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Analyst Upgrades and Downgrades

SUI has been the subject of several recent research reports. Robert W. Baird decreased their price target on shares of Sun Communities from $128.00 to $126.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Royal Bank of Canada decreased their target price on Sun Communities from $154.00 to $147.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Bank of America boosted their target price on Sun Communities from $124.00 to $132.00 and gave the stock an “underperform” rating in a research note on Monday, May 12th. Jefferies Financial Group initiated coverage on Sun Communities in a research report on Tuesday, April 8th. They issued a “buy” rating and a $150.00 price target on the stock. Finally, Truist Financial decreased their price objective on Sun Communities from $142.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sun Communities currently has a consensus rating of “Hold” and an average target price of $138.70.

Sun Communities Trading Up 0.1%

SUI opened at $123.45 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.61 and a current ratio of 1.61. Sun Communities, Inc. has a one year low of $109.22 and a one year high of $147.83. The company has a market cap of $15.76 billion, a P/E ratio of 66.37 and a beta of 0.86. The business’s 50-day simple moving average is $125.05 and its 200-day simple moving average is $125.88.

Sun Communities (NYSE:SUI) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.08. The firm had revenue of $470.20 million during the quarter, compared to the consensus estimate of $538.63 million. Sun Communities had a return on equity of 3.21% and a net margin of 7.46%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. As a group, equities research analysts expect that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, March 31st. Sun Communities’s dividend payout ratio (DPR) is 606.45%.

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.