Dupont Capital Management Corp Acquires New Position in Sun Communities Inc (SUI)

Dupont Capital Management Corp purchased a new stake in shares of Sun Communities Inc (NYSE:SUI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,696 shares of the real estate investment trust’s stock, valued at approximately $992,000.

A number of other institutional investors have also added to or reduced their stakes in SUI. Nationwide Fund Advisors raised its stake in Sun Communities by 18.4% during the second quarter. Nationwide Fund Advisors now owns 13,635 shares of the real estate investment trust’s stock valued at $1,196,000 after purchasing an additional 2,122 shares in the last quarter. Suntrust Banks Inc. raised its stake in Sun Communities by 9.8% during the second quarter. Suntrust Banks Inc. now owns 4,930 shares of the real estate investment trust’s stock valued at $431,000 after purchasing an additional 442 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Sun Communities by 11.1% during the second quarter. Parametric Portfolio Associates LLC now owns 83,709 shares of the real estate investment trust’s stock valued at $7,340,000 after purchasing an additional 8,357 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in Sun Communities during the second quarter valued at $231,000. Finally, Stifel Financial Corp raised its stake in Sun Communities by 17.8% during the second quarter. Stifel Financial Corp now owns 6,556 shares of the real estate investment trust’s stock valued at $575,000 after purchasing an additional 992 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Sun Communities Inc (NYSE SUI) traded up $1.13 during mid-day trading on Thursday, reaching $86.15. 215,619 shares of the company’s stock were exchanged, compared to its average volume of 413,214. The company has a market capitalization of $6,802.83, a PE ratio of 114.89, a price-to-earnings-growth ratio of 2.99 and a beta of 0.15. Sun Communities Inc has a fifty-two week low of $78.78 and a fifty-two week high of $96.08.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Thursday, December 28th. Sun Communities’s payout ratio is presently 362.16%.

SUI has been the topic of a number of recent research reports. Robert W. Baird raised shares of Sun Communities from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, December 27th. ValuEngine upgraded shares of Sun Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. BMO Capital Markets reiterated a “buy” rating and set a $96.00 price objective on shares of Sun Communities in a research report on Monday, October 23rd. Finally, Evercore ISI upgraded shares of Sun Communities from an “in-line” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research report on Monday, December 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $93.57.

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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).

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

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