Sun Communities shares rose 5.3% this morning to a price of $132.8. The stock is still trading within range of its average target price of $135.29, and over the last 52 weeks, it has recorded a -4.0% performance. Analysts have given the Large-Cap Specialty Real Estate Investment Trust stock target prices ranging from $110.0 to $172.0 dollars per share, with an average rating of buy.
Sun Communities's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.7%. The stock's short ratio is 3.1. The company's insiders own 1.39% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 103.5%. In conclusion, we believe there is positive market sentiment regarding Sun Communities.
Institutions Invested in Sun Communities
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 14% | 17,543,362 | $2,329,758,527 |
| 2024-12-31 | Cohen & Steers Inc. | 13% | 16,373,446 | $2,174,393,678 |
| 2024-12-31 | Blackrock Inc. | 8% | 10,240,105 | $1,359,885,975 |
| 2024-12-31 | Dodge & Cox Inc | 8% | 9,606,018 | $1,275,679,219 |
| 2024-12-31 | FMR, LLC | 6% | 7,917,870 | $1,051,493,160 |
| 2024-12-31 | Norges Bank Investment Management | 6% | 7,227,638 | $959,830,348 |
| 2024-12-31 | Price (T.Rowe) Associates Inc | 4% | 5,549,540 | $736,978,928 |
| 2024-12-31 | State Street Corporation | 4% | 5,007,705 | $665,023,239 |
| 2024-12-31 | Massachusetts Financial Services Co. | 2% | 2,934,057 | $389,642,778 |
| 2024-12-31 | Daiwa Securities Group Inc. | 2% | 2,344,020 | $311,285,863 |
