Jaguar Listed Property LLC decreased its holdings in shares of Sun Communities Inc (NYSE:SUI) by 12.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,294 shares of the real estate investment trust’s stock after selling 1,710 shares during the period. Sun Communities makes up approximately 1.0% of Jaguar Listed Property LLC’s investment portfolio, making the stock its 27th biggest position. Jaguar Listed Property LLC’s holdings in Sun Communities were worth $1,457,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SUI. JPMorgan Chase & Co. increased its holdings in Sun Communities by 12.3% during the 1st quarter. JPMorgan Chase & Co. now owns 174,836 shares of the real estate investment trust’s stock valued at $20,722,000 after purchasing an additional 19,151 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Sun Communities by 4.1% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,719 shares of the real estate investment trust’s stock worth $440,000 after purchasing an additional 148 shares in the last quarter. Raymond James & Associates boosted its position in shares of Sun Communities by 3.5% in the 1st quarter. Raymond James & Associates now owns 25,113 shares of the real estate investment trust’s stock worth $2,976,000 after purchasing an additional 838 shares in the last quarter. Vision Capital Corp boosted its position in shares of Sun Communities by 27.8% in the 1st quarter. Vision Capital Corp now owns 152,139 shares of the real estate investment trust’s stock worth $18,032,000 after purchasing an additional 33,075 shares in the last quarter. Finally, Optimum Investment Advisors boosted its position in shares of Sun Communities by 14.8% in the 1st quarter. Optimum Investment Advisors now owns 775 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research cut Sun Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Wells Fargo & Co cut Sun Communities from an “outperform” rating to a “market perform” rating and set a $118.00 price target on the stock. in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $110.17.
SUI stock opened at $123.23 on Tuesday. The company has a market capitalization of $10.84 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 4.42 and a beta of 0.31. Sun Communities Inc has a 12-month low of $91.16 and a 12-month high of $126.65.
Sun Communities (NYSE:SUI) last released its quarterly earnings data 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 EPS. On average, equities analysts anticipate that Sun Communities Inc will post 4.85 earnings per share for the current fiscal year.
Sun Communities Company 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.
Read More: Investing strategies using the yield curve
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).
Receive News & Ratings for Sun Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Communities and related companies with MarketBeat.com's FREE daily email newsletter.