U.S. Capital Wealth Advisors LLC Has $1.38 Million Stock Position in Sun Communities, Inc. (NYSE:SUI)

U.S. Capital Wealth Advisors LLC boosted its position in Sun Communities, Inc. (NYSE:SUI) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,187 shares of the real estate investment trust’s stock after buying an additional 637 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Sun Communities were worth $1,376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Sun Communities by 2,111.1% during the third quarter. Assetmark Inc. now owns 199 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 190 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Sun Communities in the third quarter valued at about $41,000. CKW Financial Group grew its position in shares of Sun Communities by 45.0% in the fourth quarter. CKW Financial Group now owns 435 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 135 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Sun Communities in the third quarter valued at about $60,000. Finally, Farther Finance Advisors LLC grew its position in shares of Sun Communities by 89.1% in the third quarter. Farther Finance Advisors LLC now owns 501 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 236 shares during the last quarter. Institutional investors own 99.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SUI. StockNews.com cut Sun Communities from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Jefferies Financial Group reduced their price objective on Sun Communities from $145.00 to $142.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on shares of Sun Communities from $154.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. BMO Capital Markets cut their price objective on shares of Sun Communities from $145.00 to $138.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, UBS Group cut Sun Communities from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $155.00 to $134.00 in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $134.55.

Sun Communities Price Performance

Sun Communities stock opened at $126.59 on Wednesday. The company has a market capitalization of $16.13 billion, a PE ratio of 68.06 and a beta of 0.90. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50 day simple moving average of $124.49 and a 200 day simple moving average of $129.63. Sun Communities, Inc. has a one year low of $110.98 and a one year high of $147.83.

Sun Communities (NYSE:SUI) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The firm had revenue of $939.90 million for the quarter, compared to analyst estimates of $980.41 million. Sun Communities had a return on equity of 3.21% and a net margin of 7.46%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.57 EPS. On average, sell-side analysts forecast that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a yield of 2.97%. Sun Communities’s dividend payout ratio (DPR) is presently 202.15%.

Sun Communities Company 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.