Several other analysts have also recently commented on SUI. ValuEngine cut shares of Sun Communities from a buy rating to a hold rating in a research note on Tuesday, December 5th. Evercore ISI raised shares of Sun Communities from an in-line rating to an outperform rating and set a $86.00 price objective for the company in a research note on Monday, December 4th. Zacks Investment Research cut shares of Sun Communities from a buy rating to a hold rating in a research note on Thursday, December 28th. Royal Bank of Canada boosted their price objective on shares of Sun Communities from $95.00 to $96.00 and gave the company an outperform rating in a research note on Thursday, October 26th. Finally, BMO Capital Markets reissued a buy rating and set a $96.00 price objective on shares of Sun Communities in a research note on Monday, October 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Sun Communities has an average rating of Buy and an average price target of $93.57.
Shares of Sun Communities (SUI) opened at $84.70 on Wednesday. The company has a market cap of $6,780.00, a P/E ratio of 114.46, a price-to-earnings-growth ratio of 2.93 and a beta of 0.15. Sun Communities has a 12 month low of $78.78 and a 12 month high of $96.08.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Whitnell & Co. purchased a new stake in shares of Sun Communities during the 3rd quarter valued at $139,000. American International Group Inc. purchased a new stake in shares of Sun Communities during the 4th quarter valued at $149,000. The Manufacturers Life Insurance Company grew its stake in shares of Sun Communities by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,299 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 178 shares during the period. Shelton Capital Management purchased a new stake in shares of Sun Communities during the 4th quarter valued at $204,000. Finally, M&T Bank Corp purchased a new stake in shares of Sun Communities during the 4th quarter valued at $209,000. 93.15% of the stock is owned by institutional investors.
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About Sun Communities
Sun Communities, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV).
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