Congress Wealth Management LLC DE Boosts Stake in Sun Communities, by 5.3%

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Sun Communities ($NYSE:SUI), Inc. (NYSE:SUI) has recently seen its stock on the rise as Congress Wealth Management LLC DE boosted its stake in the company by 5.3%. The company also offers various amenities and services such as swimming pools, laundry facilities, clubhouses, playgrounds and activities for residents. The latest 13F filing with the Securities and Exchange Commission (SEC) has highlighted this move, which demonstrates that one of the largest institutional investors is bullish on the stock.

Overall, Sun Communities has seen its stock surge over the past few weeks, and analysts expect that this trend is likely to continue in the near future. With this boost from Congress Wealth Management LLC DE, Sun Communities may be set for even more growth in the upcoming months.

Analysis

GoodWhale has conducted an in-depth analysis of the fundamentals of SUN COMMUNITIES. According to our Star Chart, SUN COMMUNITIES has strong scores across asset, dividend, growth, and profitability. We also assign SUN COMMUNITIES a high health score of 7/10 taking into account its cashflows and debt, as well as its ability to pay off debt and fund future operations. We classify SUN COMMUNITIES as a ‘cow’, which refers to a company with a track record of paying out consistent and sustainable dividends. Given its strong fundamentals and track record, investors who are looking for steady income over long periods of time may find investments in SUN COMMUNITIES attractive. Additionally, those who are looking for stable companies with the potential for long-term growth may also wish to investigate SUN COMMUNITIES further. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sun Communities. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sun Communities. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sun Communities. More…

Key Ratios Snapshot

Some of the financial key ratios for Sun Communities are shown below. More…

Peers

The competition between Sun Communities Inc and its competitors American Homes 4 Rent, American Campus Communities Inc, Canadian Apartment Properties Real Estate Investment Trust is fierce. All four companies are vying for the top spot in the market and are constantly innovating and improving their offerings to attract and retain customers. While Sun Communities Inc may have the edge in terms of size and scale, its competitors are not far behind and are constantly challenging it.

– American Homes 4 Rent ($NYSE:AMH)

American Homes 4 Rent is a real estate investment trust that focuses on acquiring, renovating, and leasing single-family homes as rental properties. The company was founded in 2012 and is based in Agoura Hills, California. As of December 31, 2020, American Homes 4 Rent owned 53,949 single-family homes in 26 states.

– American Campus Communities Inc ($TSX:CAR.UN)

Canadian Apartment Properties Real Estate Investment Trust is a real estate investment trust that owns, operates and invests in apartment buildings in Canada. The company has a market cap of $6.83 billion as of 2022.

Summary

Sun Communities, Inc. is a Real Estate Investment Trust (REIT) that specializes in the ownership, operation, and development of manufactured housing and recreational vehicle communities. Congress Wealth Management LLC DE recently increased its stake in Sun Communities by 5.3%, signaling that the firm believes the company’s stock provides a good investment opportunity. Analysts expect Sun Communities to benefit from the aging population, as many retirees are increasingly looking for affordable housing options near major cities. The company is also well-positioned to benefit from its locations near oil-and-gas production centers, given the current low commodity prices. Sun Communities has also been successful in increasing rents at its properties, leading to higher revenues.

Additionally, the company’s focus on increasing occupancy in its communities has resulted in strong financial performance. As such, investors should keep an eye on Sun Communities to potentially benefit from its promising future prospects.