Allspring Global Investments Holdings LLC Has $43.29 Million Stock Holdings in Sun Communities, Inc. $SUI

Allspring Global Investments Holdings LLC trimmed its holdings in Sun Communities, Inc. (NYSE:SUI) by 5.2% during the third quarter, Holdings Channel reports. The institutional investor owned 336,890 shares of the real estate investment trust’s stock after selling 18,629 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sun Communities were worth $43,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Sun Communities by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 18,040,455 shares of the real estate investment trust’s stock valued at $2,281,937,000 after acquiring an additional 93,170 shares in the last quarter. Dodge & Cox increased its stake in shares of Sun Communities by 4.0% in the second quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock worth $1,796,001,000 after purchasing an additional 550,940 shares in the last quarter. Norges Bank bought a new position in Sun Communities in the 2nd quarter worth approximately $925,926,000. State Street Corp raised its stake in shares of Sun Communities by 1.3% during the 2nd quarter. State Street Corp now owns 5,169,350 shares of the real estate investment trust’s stock valued at $659,148,000 after purchasing an additional 67,954 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of Sun Communities by 4.8% during the second quarter. Daiwa Securities Group Inc. now owns 2,775,910 shares of the real estate investment trust’s stock valued at $351,125,000 after buying an additional 128,334 shares during the period. 99.59% of the stock is owned by institutional investors.

Sun Communities Stock Performance

NYSE:SUI opened at $123.95 on Friday. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $125.22 and its 200 day simple moving average is $125.86. The stock has a market cap of $15.33 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 4.29 and a beta of 0.90. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.77.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping the consensus estimate of $2.18 by $0.10. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The business had revenue of $697.20 million during the quarter, compared to analyst estimates of $713.32 million. During the same period in the prior year, the business earned $2.34 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS. As a group, research analysts predict that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Sun Communities’s payout ratio is presently 52.13%.

Insider Activity at Sun Communities

In other Sun Communities news, Director Gary A. Shiffman sold 156,875 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clunet R. Lewis sold 4,000 shares of Sun Communities stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $126.24, for a total transaction of $504,960.00. Following the transaction, the director directly owned 26,000 shares of the company’s stock, valued at approximately $3,282,240. This trade represents a 13.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SUI. Robert W. Baird upped their target price on Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. Wells Fargo & Company upped their price target on shares of Sun Communities from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Barclays raised their price target on shares of Sun Communities from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Jefferies Financial Group set a $142.00 price objective on shares of Sun Communities and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $137.42.

About Sun Communities

Sun Communities, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of manufactured housing communities, recreational vehicle (RV) resorts and marinas. The company’s portfolio spans more than 500 manufactured housing communities and over 160 RV resorts, offering affordable, long-term housing as well as short-stay recreational lodging. Through professional on-site management and amenity-rich community designs, Sun Communities serves a diverse customer base that includes retirees, workforce families and vacationers.

Founded in 1975 and headquartered in Southfield, Michigan, Sun Communities has grown organically and through strategic acquisitions to become one of the largest operators in its sector.