Hunter Perkins Capital Management LLC Sells Shares of Sun Communities,
January 4, 2024
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Hunter Perkins Capital Management LLC recently announced their sale of shares in Sun Communities ($NYSE:SUI), Inc. Sun Communities, Inc. is an American Real Estate Investment Trust (REIT) that owns and operates manufactured home communities, recreational vehicle resorts, and other forms of land-lease communities in the United States and Canada. Sun Communities has a strong presence in the manufactured home community industry through its land-lease model, which brings together homeowners and investors who are looking to enjoy the lifestyle that manufactured home communities can offer. The company has a long history of providing quality service and support to its customers, as well as a commitment to maintaining high standards and creating quality living spaces. Sun Communities also focuses on creating value for its shareholders by delivering consistent earnings and dividend growth.
Market Price
On Tuesday, Hunter Perkins Capital Management LLC announced that it had sold shares of Sun Communities, Inc. (SUN COMMUNITIES). At the end of trading, the stock had opened at $133.5 and closed at $135.5, an increase of 1.4% from its prior closing price of 133.6. This is the fourth consecutive day that the stock price has increased. The company’s performance has been on a steady upward trajectory since early March and its current price points to good prospects for investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sun Communities. More…
| Total Revenues | Net Income | Net Margin |
| 3.12k | 227.4 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sun Communities. More…
| Operations | Investing | Financing |
| 718 | -1.14k | 369.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sun Communities. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.61k | 9.46k | 62.19 |
Key Ratios Snapshot
Some of the financial key ratios for Sun Communities are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 17.8% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
As part of GoodWhale’s analysis of SUN COMMUNITIES’ financials, we found that they score strongly in asset, dividend, and growth, with a medium rating in profitability. We classify SUN COMMUNITIES as a “cow” – a type of company that demonstrated track record of paying out consistent and sustainable dividends. Investors who are looking for companies that can provide steady income may find SUN COMMUNITIES to be an attractive option. 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
Investing in Sun Communities, Inc. is a potentially lucrative opportunity, as the company is a publicly-traded real estate investment trust (REIT) that specializes in the ownership, operation, and development of manufactured home communities and recreational vehicle (RV) communities. Recently, Hunter Perkins Capital Management LLC sold a significant number of shares, suggesting that there may be an opportunity for investors to capitalize on the stock at a lower price. Analysts suggest that investors should consider Sun Communities’ strong financial health, positive operating cash flow, and low debt levels as reasons to buy the stock.
Additionally, the company has seen a consistent rise in its share price over the past year and could continue to grow within the industry. Overall, Sun Communities offers a solid investment opportunity for those that are willing to do their research and take advantage of the current market conditions.
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