Pensionfund Sabic Exits Position in Sun Communities Inc (SUI)

Sun Communities Inc (SUI) : Pensionfund Sabic has sold out all of its stake in Sun Communities Inc during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 5,600 shares of Sun Communities Inc which is valued at $399,280.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands sold out all of its stake in SUI during the most recent quarter. The investment firm sold 12,553 shares of SUI which is valued $895,029.

On the company’s financial health, Sun Communities Inc reported $0.81 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus of $0.85. The company had revenue of $168.24 million for the quarter, compared to analysts expectations of $136.47 million. The company’s revenue was up 37.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Sun Communities Inc. Company shares were Upgraded by Robert W. Baird on Mar 30, 2016 to ” Outperform”, Firm has raised the Price Target to $ 74 from a previous price target of $67 .

Sun Communities Inc closed down -0.21 points or -0.29% at $71.3 with 4,41,597 shares getting traded on Monday. Post opening the session at $71.58, the shares hit an intraday low of $70.95 and an intraday high of $71.61 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Sun Communities Inc. (SHS) is a self-administered and self-managed real estate investment trust (REIT). The Company operates in two segments: Real Property Operations and Home Sales and Rentals. The Real Property Operations segment owns operates and develops manufactured housing (MH) and recreational vehicle (RV) throughout the United States and is in the business of acquiring operating and expanding MH and RV communities. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. The Company owns and operates a portfolio of around 217 properties located in 29 states throughout the United States including 183 MH communities 25 RV communities and nine properties containing both MH and RV sites.

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