Thompson Siegel & Walmsley LLC Maintains Holdings in Sun Communities, Inc. (SUI)
Thompson Siegel & Walmsley LLC continued to hold its position in shares of Sun Communities, Inc. (NYSE:SUI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,585 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Thompson Siegel & Walmsley LLC’s holdings in Sun Communities were worth $139,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Sun Communities by 38.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 136,911 shares of the real estate investment trust’s stock worth $12,005,000 after buying an additional 38,240 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Sun Communities by 14.2% during the 2nd quarter. Swiss National Bank now owns 130,531 shares of the real estate investment trust’s stock worth $11,446,000 after purchasing an additional 16,200 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of Sun Communities during the 2nd quarter worth approximately $280,000. Commerce Bank boosted its holdings in shares of Sun Communities by 3.7% during the 2nd quarter. Commerce Bank now owns 7,775 shares of the real estate investment trust’s stock worth $682,000 after purchasing an additional 280 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sun Communities by 19.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,323 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 861 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.
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In other news, COO John Bandini Mclaren sold 5,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $88.43, for a total transaction of $477,522.00. Following the completion of the transaction, the chief operating officer now directly owns 153,159 shares of the company’s stock, valued at approximately $13,543,850.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.15% of the company’s stock.
Several research analysts have recently weighed in on SUI shares. Robert W. Baird restated a “buy” rating and set a $95.00 target price on shares of Sun Communities in a report on Friday. Zacks Investment Research upgraded Sun Communities from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Bank of America Corporation upgraded Sun Communities from an “underperform” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Monday, May 22nd. Royal Bank Of Canada started coverage on Sun Communities in a report on Thursday, June 1st. They set an “outperform” rating and a $92.00 target price on the stock. Finally, BidaskClub cut Sun Communities from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $90.86.
Sun Communities, Inc. (NYSE:SUI) opened at 88.59 on Friday. The stock’s 50 day moving average price is $89.20 and its 200 day moving average price is $85.75. Sun Communities, Inc. has a one year low of $69.90 and a one year high of $91.87. The firm has a market capitalization of $7.00 billion, a PE ratio of 126.74 and a beta of 0.29.
Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.03. Sun Communities had a return on equity of 2.59% and a net margin of 6.82%. The business had revenue of $237.90 million for the quarter, compared to analysts’ expectations of $210.58 million. During the same period last year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. Analysts expect that Sun Communities, Inc. will post $0.99 EPS for the current year.
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).
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