Tributary Capital Management LLC Has $381,000 Stock Position in Sun Communities, Inc. $SUI

Tributary Capital Management LLC lowered its stake in Sun Communities, Inc. (NYSE:SUI) by 2.9% during the second quarter, HoldingsChannel.com reports. The firm owned 3,015 shares of the real estate investment trust’s stock after selling 90 shares during the period. Tributary Capital Management LLC’s holdings in Sun Communities were worth $381,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Twin Tree Management LP acquired a new position in shares of Sun Communities in the 1st quarter valued at $29,000. Ransom Advisory Ltd acquired a new position in shares of Sun Communities in the 1st quarter valued at $31,000. GKV Capital Management Co. Inc. acquired a new position in shares of Sun Communities in the 1st quarter valued at $42,000. V Square Quantitative Management LLC acquired a new position in shares of Sun Communities in the 2nd quarter valued at $47,000. Finally, Avalon Trust Co acquired a new position in shares of Sun Communities in the 1st quarter valued at $65,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Analyst Upgrades and Downgrades

SUI has been the topic of a number of analyst reports. Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a research note on Monday. Truist Financial upped their price objective on shares of Sun Communities from $137.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Royal Bank Of Canada lowered their price objective on shares of Sun Communities from $147.00 to $143.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Finally, Evercore ISI upped their price objective on shares of Sun Communities from $136.00 to $138.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $137.86.

Sun Communities Price Performance

SUI stock opened at $123.27 on Friday. The stock has a 50-day moving average price of $126.89 and a two-hundred day moving average price of $125.08. The stock has a market cap of $15.43 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 6.46 and a beta of 0.86. The company has a current ratio of 7.08, a quick ratio of 7.08 and a debt-to-equity ratio of 0.55. Sun Communities, Inc. has a 1 year low of $109.22 and a 1 year high of $140.49.

Sun Communities (NYSE:SUI) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. The firm had revenue of $623.50 million during the quarter, compared to analysts’ expectations of $614.79 million. Sun Communities had a negative return on equity of 0.60% and a net margin of 48.86%.During the same quarter in the prior year, the company earned $1.86 EPS. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. Equities analysts forecast that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, September 30th. Sun Communities’s dividend payout ratio is 40.70%.

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.