Sumitomo Mitsui Trust Holdings Divests 3805 Shares of Sun Communities, Inc

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Sumitomo Mitsui Trust Holdings Inc. recently divested 3805 shares of Sun Communities ($NYSE:SUI), Inc. Sun Communities, Inc., a publicly traded real estate investment trust (REIT), is focused on the Manufactured Housing and Recreational Vehicle (RV) communities industry. Sun Communities also owns resorts, campgrounds, and lodging hotels located in the United States and Canada. This divestment is an indication that Sumitomo Mitsui Trust Holdings Inc. has faith in Sun Communities’ future prospects and has adjusted its holdings accordingly.

Share Price

The sale of these shares resulted in a decrease in the stock price of Sun Communities, Inc., though it remains unclear what motivated the divestiture. Regardless, this divestiture has left many investors and analysts questioning the future prospects of SUN COMMUNITIES. Live Quote…

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…

Analysis

GoodWhale has conducted an analysis of SUN COMMUNITIES‘s fundamentals and the results are favorable. Our Star Chart system rated SUN COMMUNITIES a 7/10 for its health score, which is considered high and implies that the company is capable of sustaining operations in times of crisis. Additionally, based on its track record of paying out consistent and sustainable dividends, GoodWhale has classified SUN COMMUNITIES as a ‘cow’ type company. Therefore, investors looking for reliable dividend income and stability may be interested in SUN COMMUNITIES. Beyond its dividends, SUN COMMUNITIES is also strong in other areas such as asset efficiency, growth, and profitability. This makes the company a viable option for those looking for a balanced portfolio. 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. (SUI) is a real estate investment trust (REIT) that specializes in the ownership and operation of manufactured housing and recreational vehicle communities. Investors should consider the current market sentiment towards SUI before investing. Analyzing key indicators such as price-to-earnings ratio, dividend yield, and return on equity can be useful in assessing the outlook for Sun Communities. Overall, these indicators suggest that SUI is a sound long-term investment opportunity.