NN Investment Partners Holdings N.V. Has $24.12 Million Position in Sun Communities Inc (NYSE:SUI)

NN Investment Partners Holdings N.V. reduced its stake in shares of Sun Communities Inc (NYSE:SUI) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,118 shares of the real estate investment trust’s stock after selling 917 shares during the quarter. NN Investment Partners Holdings N.V. owned 0.21% of Sun Communities worth $24,115,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Sun Communities by 2.7% during the first quarter. BlackRock Inc. now owns 6,994,556 shares of the real estate investment trust’s stock worth $828,995,000 after purchasing an additional 184,083 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Sun Communities by 9.0% during the first quarter. Principal Financial Group Inc. now owns 2,981,926 shares of the real estate investment trust’s stock worth $353,418,000 after purchasing an additional 246,452 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Sun Communities by 3.5% during the first quarter. Daiwa Securities Group Inc. now owns 2,533,293 shares of the real estate investment trust’s stock worth $300,245,000 after purchasing an additional 84,675 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in shares of Sun Communities by 8.0% during the first quarter. Centersquare Investment Management LLC now owns 1,783,705 shares of the real estate investment trust’s stock worth $211,405,000 after purchasing an additional 131,382 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Sun Communities by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,214,673 shares of the real estate investment trust’s stock worth $123,542,000 after purchasing an additional 32,701 shares during the last quarter. Institutional investors own 88.75% of the company’s stock.

SUI has been the topic of several research analyst reports. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, June 5th. Wells Fargo & Co restated a “sell” rating on shares of American States Water in a report on Tuesday, March 26th. Finally, BMO Capital Markets set a C$106.00 target price on FirstService and gave the stock a “market perform” rating in a report on Monday, June 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $118.67.

Sun Communities stock traded up $1.73 during mid-day trading on Tuesday, hitting $132.76. The stock had a trading volume of 316,958 shares, compared to its average volume of 460,998. The firm’s 50-day moving average is $130.61. The firm has a market cap of $11.84 billion, a PE ratio of 28.99, a PEG ratio of 4.44 and a beta of 0.26. Sun Communities Inc has a 12 month low of $94.63 and a 12 month high of $136.64.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $287.33 million for the quarter, compared to analysts’ expectations of $279.54 million. Sun Communities had a return on equity of 3.76% and a net margin of 10.00%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 earnings per share. Research analysts expect that Sun Communities Inc will post 4.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.26%. The ex-dividend date was Thursday, June 27th. Sun Communities’s dividend payout ratio is 65.50%.

Sun Communities Profile

Sun Communities, Inc is a REIT that, as of March 31, 2019, owned, operated, or had an interest in a portfolio of 379 communities comprising over 132,000 developed sites in 31 states and Ontario, Canada.

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

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