Sun Communities Inc (NYSE:SUI) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $147.79 and last traded at $147.48, with a volume of 44756 shares. The stock had previously closed at $146.70.
SUI has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Sun Communities from a “buy” rating to a “hold” rating in a report on Wednesday, June 5th. BMO Capital Markets raised their price objective on shares of Sun Communities to $132.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Sun Communities currently has an average rating of “Hold” and an average target price of $118.67.
The company has a market cap of $13.24 billion, a PE ratio of 32.20, a P/E/G ratio of 5.04 and a beta of 0.27. The business’s fifty day moving average is $136.12 and its 200-day moving average is $124.57.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new stake in Sun Communities during the 1st quarter worth approximately $58,000. Whittier Trust Co. bought a new stake in Sun Communities during the 2nd quarter worth approximately $82,000. Altshuler Shaham Ltd raised its stake in Sun Communities by 94.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 720 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 349 shares during the period. Optimum Investment Advisors raised its stake in Sun Communities by 14.8% during the 1st quarter. Optimum Investment Advisors now owns 775 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 100 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Sun Communities during the 2nd quarter worth approximately $115,000. Institutional investors own 90.36% of the company’s stock.
Sun Communities Company Profile (NYSE:SUI)
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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