Citigroup Inc. Decreases Stock Position in Sun Communities, Inc. $SUI

Citigroup Inc. decreased its position in shares of Sun Communities, Inc. (NYSE:SUI) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,972 shares of the real estate investment trust’s stock after selling 12,894 shares during the period. Citigroup Inc.’s holdings in Sun Communities were worth $17,411,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SUI. Norges Bank acquired a new stake in shares of Sun Communities during the second quarter valued at about $925,926,000. Dodge & Cox boosted its holdings in 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 valued at $1,796,001,000 after purchasing an additional 550,940 shares during the last quarter. Vanguard Group Inc. grew its stake in Sun Communities by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock valued at $2,359,404,000 after purchasing an additional 249,501 shares in the last quarter. Lasalle Investment Management Securities LLC increased its holdings in Sun Communities by 27.6% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 746,432 shares of the real estate investment trust’s stock worth $94,416,000 after purchasing an additional 161,589 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Sun Communities by 4.8% in the 2nd 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 purchasing an additional 128,334 shares in the last quarter. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Trading Up 0.7%

Shares of NYSE:SUI opened at $136.71 on Friday. The company has a 50 day moving average of $126.94 and a 200-day moving average of $126.49. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.58. The firm has a market cap of $16.84 billion, a P/E ratio of 12.73, a P/E/G ratio of 4.52 and a beta of 0.90. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.84.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The firm had revenue of $515.20 million for the quarter, compared to analysts’ expectations of $509.40 million. During the same period in the previous year, the business earned $1.41 earnings per share. Sun Communities’s revenue for the quarter was up .1% compared to the same quarter last year. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. As a group, analysts anticipate that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were issued a $1.04 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.0%. Sun Communities’s dividend payout ratio is presently 38.73%.

Analyst Ratings Changes

SUI has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, January 21st. Wells Fargo & Company raised Sun Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $133.00 to $150.00 in a report on Friday. Finally, Robert W. Baird boosted their price target on Sun Communities from $134.00 to $136.00 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sun Communities has a consensus rating of “Hold” and a consensus target price of $138.77.

Insider Activity at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of the company’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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.77% of the stock is currently owned by company insiders.

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.