Capital Growth Management LP cut its holdings in shares of Sun Communities Inc (NYSE:SUI) by 55.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,500 shares of the real estate investment trust’s stock after selling 287,500 shares during the period. Capital Growth Management LP’s holdings in Sun Communities were worth $21,107,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of SUI. Nationwide Fund Advisors grew its stake in Sun Communities by 18.4% in the second quarter. Nationwide Fund Advisors now owns 13,635 shares of the real estate investment trust’s stock worth $1,196,000 after purchasing an additional 2,122 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in Sun Communities in the second quarter worth about $231,000. Stifel Financial Corp grew its stake in Sun Communities by 17.8% in the second quarter. Stifel Financial Corp now owns 6,556 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 992 shares in the last quarter. Royal Bank of Canada grew its stake in Sun Communities by 1.5% in the second quarter. Royal Bank of Canada now owns 64,522 shares of the real estate investment trust’s stock worth $5,658,000 after purchasing an additional 972 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in Sun Communities by 57.7% in the second quarter. Macquarie Group Ltd. now owns 33,913 shares of the real estate investment trust’s stock worth $2,974,000 after purchasing an additional 12,413 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.
Sun Communities Inc (SUI) opened at $87.24 on Friday. Sun Communities Inc has a 52 week low of $78.78 and a 52 week high of $96.08. The company has a market capitalization of $6,920.00, a P/E ratio of 117.89, a price-to-earnings-growth ratio of 3.02 and a beta of 0.15.
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Sun Communities Profile
Sun Communities, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV).
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