Stratos Wealth Partners LTD. Has $330,000 Position in Sun Communities, Inc. (NYSE:SUI)

Stratos Wealth Partners LTD. cut its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 15.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,680 shares of the real estate investment trust’s stock after selling 481 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sun Communities were worth $330,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. abrdn plc increased its position in shares of Sun Communities by 343.5% during the fourth quarter. abrdn plc now owns 277,988 shares of the real estate investment trust’s stock worth $34,098,000 after buying an additional 215,314 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in Sun Communities by 6.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 11,187 shares of the real estate investment trust’s stock worth $1,376,000 after acquiring an additional 637 shares during the period. Osborne Partners Capital Management LLC raised its position in Sun Communities by 0.9% in the fourth quarter. Osborne Partners Capital Management LLC now owns 44,171 shares of the real estate investment trust’s stock worth $5,432,000 after acquiring an additional 414 shares during the period. Legacy Trust purchased a new stake in shares of Sun Communities during the 4th quarter valued at approximately $625,000. Finally, Forsta AP Fonden increased its holdings in Sun Communities by 10.2% during the 4th quarter. Forsta AP Fonden now owns 20,500 shares of the real estate investment trust’s stock worth $2,521,000 after acquiring an additional 1,900 shares during the period. 99.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Baird R W cut shares of Sun Communities from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group decreased their price target on shares of Sun Communities from $145.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Bank of America lowered shares of Sun Communities from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $147.00 to $114.00 in a research note on Tuesday, November 12th. Royal Bank of Canada dropped their price objective 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. Finally, StockNews.com downgraded shares of Sun Communities from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $134.55.

Sun Communities Stock Down 1.0 %

Shares of NYSE SUI opened at $125.02 on Thursday. The company’s 50-day simple moving average is $124.30 and its 200-day simple moving average is $129.69. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.93. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 67.22 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.

Sun Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.94 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 3.01%. Sun Communities’s dividend payout ratio 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.