Sun Communities, Inc. (SUI) Shares Sold by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA lowered its position in shares of Sun Communities, Inc. (NYSE:SUI) by 35.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,332 shares of the real estate investment trust’s stock after selling 68,614 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.16% of Sun Communities worth $10,910,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SUI. PNC Financial Services Group Inc. raised its holdings in shares of Sun Communities by 18.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,067 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 469 shares during the last quarter. Morgan Stanley raised its holdings in shares of Sun Communities by 18.3% during the first quarter. Morgan Stanley now owns 170,543 shares of the real estate investment trust’s stock valued at $13,699,000 after acquiring an additional 26,419 shares during the last quarter. Spirit of America Management Corp NY raised its holdings in shares of Sun Communities by 20.3% during the second quarter. Spirit of America Management Corp NY now owns 26,700 shares of the real estate investment trust’s stock valued at $2,341,000 after acquiring an additional 4,500 shares during the last quarter. Main Street Research LLC raised its holdings in shares of Sun Communities by 3.4% during the second quarter. Main Street Research LLC now owns 155,085 shares of the real estate investment trust’s stock valued at $13,599,000 after acquiring an additional 5,045 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in shares of Sun Communities by 47.9% during the second quarter. Aperio Group LLC now owns 31,625 shares of the real estate investment trust’s stock valued at $2,773,000 after acquiring an additional 10,243 shares during the last quarter. 94.34% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This article was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://www.truebluetribune.com/2017/11/15/sun-communities-inc-sui-shares-sold-by-bnp-paribas-arbitrage-sa.html.

Several equities research analysts recently commented on the company. ValuEngine raised Sun Communities from a “hold” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets assumed coverage on Sun Communities in a report on Monday, October 9th. They issued an “outperform” rating and a $96.00 price target for the company. Zacks Investment Research raised Sun Communities from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Friday, September 29th. Robert W. Baird reaffirmed a “buy” rating and issued a $95.00 price target on shares of Sun Communities in a report on Friday, September 8th. Finally, Royal Bank Of Canada increased their price target on Sun Communities from $95.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $92.29.

In related news, Director Clunet R. Lewis sold 1,292 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $86.52, for a total value of $111,783.84. Following the completion of the transaction, the director now directly owns 18,800 shares in the company, valued at $1,626,576. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clunet R. Lewis sold 5,292 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $86.20, for a total value of $456,170.40. Following the completion of the transaction, the director now owns 18,800 shares of the company’s stock, valued at $1,620,560. The disclosure for this sale can be found here. Insiders sold 11,584 shares of company stock valued at $1,010,694 over the last quarter. 4.15% of the stock is currently owned by company insiders.

Shares of Sun Communities, Inc. (SUI) traded up $0.29 during trading on Wednesday, reaching $93.58. The company had a trading volume of 384,200 shares, compared to its average volume of 362,626. The stock has a market capitalization of $7,401.87, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 3.56 and a beta of 0.28. Sun Communities, Inc. has a 52 week low of $69.90 and a 52 week high of $93.85.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.79. The company had revenue of $268.20 million during the quarter, compared to analyst estimates of $239.45 million. Sun Communities had a return on equity of 2.76% and a net margin of 7.37%. During the same period in the prior year, the business posted $1.13 earnings per share. equities research analysts expect that Sun Communities, Inc. will post 4.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $0.67 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.68 annualized dividend and a yield of 2.86%. Sun Communities’s payout ratio is 362.16%.

Sun Communities Profile

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).

Want to see what other hedge funds are holding SUI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Communities, Inc. (NYSE:SUI).

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

Receive News & Ratings for Sun Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Communities Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply