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Duff & Phelps reduced its stake in Sun Communities, which beat earnings estimates and raised its dividend.
Duff & Phelps Investment Management Co. sold 17,280 shares of Sun Communities, Inc., reducing its holdings by 2.8% to 592,367 shares.
Sun Communities reported a fourth-quarter EPS of $1.41, exceeding analysts' expectations.
The company declared a quarterly dividend of $0.94 per share, with a yield of 2.94%.
Sun Communities operates 667 properties and has a "Hold" rating with a consensus price target of $136.60.
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Duff & Phelps redujo su participación en Sun Communities, que venció las estimaciones de ingresos y aumentó su dividendo.