WBH Advisory Inc. Has $1.36 Million Stake in Sun Communities, Inc. (NYSE:SUI)

WBH Advisory Inc. decreased its position in Sun Communities, Inc. (NYSE:SUI) by 4.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,092 shares of the real estate investment trust’s stock after selling 492 shares during the period. WBH Advisory Inc.’s holdings in Sun Communities were worth $1,364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SUI. Exchange Traded Concepts LLC raised its holdings in shares of Sun Communities by 438.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,292 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 1,052 shares during the period. Creative Planning raised its holdings in shares of Sun Communities by 56.8% during the third quarter. Creative Planning now owns 9,491 shares of the real estate investment trust’s stock valued at $1,283,000 after purchasing an additional 3,439 shares during the period. Blue Trust Inc. raised its holdings in shares of Sun Communities by 230.7% during the third quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 436 shares during the period. Whittier Trust Co. raised its holdings in shares of Sun Communities by 2.7% during the third quarter. Whittier Trust Co. now owns 211,431 shares of the real estate investment trust’s stock valued at $28,574,000 after purchasing an additional 5,648 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Sun Communities by 2.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 89,261 shares of the real estate investment trust’s stock valued at $12,063,000 after purchasing an additional 2,352 shares during the period. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Trading Down 1.2 %

NYSE:SUI opened at $125.11 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 67.27 and a beta of 0.90. Sun Communities, Inc. has a 52 week low of $110.98 and a 52 week high of $147.83. The firm has a 50-day moving average price of $124.27 and a two-hundred day moving average price of $129.65.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.94 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.76 annualized dividend and a yield of 3.01%. Sun Communities’s dividend payout ratio (DPR) is 202.15%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore ISI upped their price objective on shares of Sun Communities from $149.00 to $150.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Royal Bank of Canada lowered their target price on shares of Sun Communities from $147.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Bank of America cut shares of Sun Communities from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $147.00 to $114.00 in a research report on Tuesday, November 12th. BMO Capital Markets dropped their price target on shares of Sun Communities from $145.00 to $138.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Finally, Baird R W cut shares of Sun Communities from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $134.55.

Sun Communities Profile

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.