Sun Communities Inc (SUI) : Moody Aldrich Partners scooped up 11,415 additional shares in Sun Communities Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 17,005 shares of Sun Communities Inc which is valued at $1,324,690.Sun Communities Inc makes up approximately 1.05% of Moody Aldrich Partners’s portfolio.
Other Hedge Funds, Including , K.j. Harrison Partners Inc added SUI to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $779,000. Sun Communities Inc makes up approx 0.41% of K.j. Harrison Partners Inc’s portfolio. Simplex Trading added SUI to its portfolio by purchasing 504 company shares during the most recent quarter which is valued at $38,112.Creative Planning boosted its stake in SUI in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 496 shares of Sun Communities Inc which is valued at $37,721.Bnp Paribas Arbitrage Sa boosted its stake in SUI in the latest quarter, The investment management firm added 9,348 additional shares and now holds a total of 9,386 shares of Sun Communities Inc which is valued at $727,790.
Sun Communities Inc opened for trading at $78.58 and hit $79.8099 on the upside on Friday, eventually ending the session at $79.15, with a gain of 0.78% or 0.61 points. The heightened volatility saw the trading volume jump to 3,59,835 shares. Company has a market cap of $5,111 M.
On the company’s financial health, Sun Communities Inc reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.83. The company had revenue of $190.80 million for the quarter, compared to analysts expectations of $165.78 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.
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.