Of three analysts, two rate it a buy, none rate it a sell, and one says hold of the company based in Elkhart, Indiana. Jeffrey L. Gendel et al, has 11.2 percent of its portfolio in Patrick, or 1.30 million shares, while Rk Capital Management Llc has 3.51% of its portfolio invested in the company for 466,806 shares.
Meanwhile, just north in Michigan and a little bit east, Sun Communities, Inc.’s CEO Gary Shiffman of Southfield, MI sold 21,570 shares of company stock at an average price of $75.71 for a total value of $1,633,064.70. Shiffman now owns 1,348,460 shares with a value of $102,091,906.60, according to com-unik.info.
Several hedge funds have altered their stake in Sun. California State Teachers Retirement System now owns 93,811 shares of Sun stock with a value of $6,429,000, while Strs Ohio acquired 8,834 shares of the company to increase its stake to 104,784 shares valued at $7,180,000
The board of directors of Sun has declared a quarterly dividend of $0.65 per share, payable July 15 to shareholders of record as of June 30,2016.
MHProNews understands Sun Communities (NYSE:SUI) owns a mix of 337 manufactured home and recreational vehicle communities, comprised of117,000 developed sites.
Both Patrick and Sun are covered on MHProNews‘ daily stock report, as seen here. ##
(Image credit: bullmoneycontrol)
