West Family Investments buys $23,125,489 stake in Sun Communities Inc (SUI)

Sun Communities Inc (SUI) : West Family Investments scooped up 23,509 additional shares in Sun Communities Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 293,657 shares of Sun Communities Inc which is valued at $23,125,489.Sun Communities Inc makes up approximately 4.25% of West Family Investments’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies reduced its stake in SUI by selling 64,900 shares or 20.41% in the most recent quarter. The Hedge Fund company now holds 253,100 shares of SUI which is valued at $19,931,625. Sun Communities Inc makes up approx 0.04% of Renaissance Technologies’s portfolio.Cornerstone Real Estate Advisers boosted its stake in SUI in the latest quarter, The investment management firm added 57,250 additional shares and now holds a total of 95,110 shares of Sun Communities Inc which is valued at $7,489,913. Sun Communities Inc makes up approx 2.46% of Cornerstone Real Estate Advisers’s portfolio.Fort Washington Investment Advisors Inc Oh boosted its stake in SUI in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 13,200 shares of Sun Communities Inc which is valued at $1,039,500. Sun Communities Inc makes up approx 0.02% of Fort Washington Investment Advisors Inc Oh’s portfolio.Teachers Advisors Inc boosted its stake in SUI in the latest quarter, The investment management firm added 497 additional shares and now holds a total of 501,031 shares of Sun Communities Inc which is valued at $39,456,191. Sun Communities Inc makes up approx 0.07% of Teachers Advisors Inc’s portfolio.Strs Ohio reduced its stake in SUI by selling 16,353 shares or 15.95% in the most recent quarter. The Hedge Fund company now holds 86,190 shares of SUI which is valued at $6,714,201. Sun Communities Inc makes up approx 0.03% of Strs Ohio’s portfolio.

Sun Communities Inc opened for trading at $75.26 and hit $76.15 on the upside on Monday, eventually ending the session at $76.01, with a gain of 1.48% or 1.11 points. The heightened volatility saw the trading volume jump to 2,98,868 shares. Company has a market cap of $5,218 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.

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