Elo Mutual Pension Insurance Co Purchases New Position in Sun Communities, Inc. $SUI

Elo Mutual Pension Insurance Co acquired a new stake in Sun Communities, Inc. (NYSE:SUI) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 15,522 shares of the real estate investment trust’s stock, valued at approximately $2,002,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Sun Communities in the second quarter valued at about $925,926,000. Dodge & Cox lifted its position in shares of Sun Communities by 4.0% during 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. Vanguard Group Inc. boosted its stake in shares of Sun Communities by 1.4% in the third 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 during the period. Lasalle Investment Management Securities LLC grew 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 valued at $94,416,000 after purchasing an additional 161,589 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Sun Communities by 4.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,775,910 shares of the real estate investment trust’s stock worth $351,125,000 after buying an additional 128,334 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays reissued an “overweight” rating and issued a $144.00 price objective on shares of Sun Communities in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Tuesday, January 20th. Morgan Stanley cut their target price on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Wells Fargo & Company raised shares of Sun Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $133.00 to $150.00 in a research report on Friday, February 27th. Finally, Citigroup upped their price target on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a report on Monday. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sun Communities currently has a consensus rating of “Hold” and an average target price of $140.29.

Insider Activity at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total transaction of $19,378,768.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.77% of the company’s stock.

Sun Communities Trading Down 0.4%

NYSE:SUI opened at $135.88 on Thursday. The company has a market cap of $16.74 billion, a PE ratio of 12.65, a P/E/G ratio of 4.54 and a beta of 0.88. The business’s 50 day moving average is $127.70 and its two-hundred day moving average is $126.68. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. Sun Communities, Inc. has a 52 week low of $109.22 and a 52 week high of $137.85.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The business had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. During the same period in the prior year, the company posted $1.41 EPS. The business’s revenue 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. On average, analysts predict that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, December 31st. Sun Communities’s dividend payout ratio (DPR) is presently 38.73%.

Sun Communities Profile

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.