Sun CommunitiesSUI
Market Cap: $17.6B
About: Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 666 properties, which includes 351 manufactured housing communities, 179 residential vehicle communities, and 136 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.
Employees: 6,780
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
336% more call options, than puts
Call options by funds: $33.4M | Put options by funds: $7.66M
1.83% more ownership
Funds ownership: 94.76% [Q1] → 96.59% (+1.83%) [Q2]
1% more funds holding
Funds holding: 491 [Q1] → 497 (+6) [Q2]
10% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 61
4% less capital invested
Capital invested by funds: $15.1B [Q1] → $14.5B (-$586M) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 10 [Q1] → 8 (-2) [Q2]
27% less repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 209
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Baird Wesley Golladay 100% 1-year accuracy 6 / 6 met price target | 3%upside $145 | Outperform Maintained | 3 Sept 2024 |
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target | 2%upside $144 | Outperform Maintained | 28 Aug 2024 |
Truist Securities Anthony Hau 65% 1-year accuracy 20 / 31 met price target | 2%downside $138 | Hold Maintained | 13 Aug 2024 |
RBC Capital Brad Heffern 97% 1-year accuracy 38 / 39 met price target | 21%upside $171 | Outperform Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 5 articles about SUI published over the past 30 days