Sun Communities Stock Popular with Hedge Funds

sun communnities communityAccording to sfhfm, hedge fund Principal Financial Group Inc. increased its stake in Sun Communities, Inc. (NYSE:SUI) by 12.6 percent during Q4 2015, buying 221,370 shares of Sun stock, and now owns 1,981,842 shares of the real estate investment trust’s stock valued at $135,816,000.

GW&K Investment Management acquired a new position in Sun valued at $42,401,000, while Boston Advisors bought an additional 1,893 shares during the last quarter to increase its stake to 244,209 shares with a valuation of $16,736,000.

RMR Advisors LLC raised its stake in Sun by an additional 5,000 shares to 72,856 worth $4,993,000.

DIAM Co. LTD. increased its position by 7,095 shares in the last quarter to 135,335 shares valued at $9,462,000.

After buying an additional 8,834 shares in the last quarter, Strs Ohio now owns 104,784 shares in Sun Communities valued at $7,180,000.

As MHProNews reported March 22, 2016, Sun acquired Carefree Communities in a deal valued at $1.68 billion, absorbing 103 manufactured home and recreational vehicle communities, giving Sun a total of 234 communities overall. ##

(Photo credit: Sun Communities, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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