E. Ohman J or Asset Management AB Buys New Shares in Sun Communities, Inc. $SUI

E. Ohman J or Asset Management AB purchased a new stake in Sun Communities, Inc. (NYSE:SUI) in the fourth quarter, HoldingsChannel reports. The fund purchased 4,277 shares of the real estate investment trust’s stock, valued at approximately $530,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SUI. AQR Capital Management LLC increased its holdings in shares of Sun Communities by 17.8% during the 1st quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock worth $1,554,000 after purchasing an additional 1,827 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Sun Communities by 21.1% in the first quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust’s stock valued at $25,128,000 after buying an additional 33,981 shares during the period. Empowered Funds LLC lifted its stake in shares of Sun Communities by 32.5% in the first quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock valued at $434,000 after buying an additional 829 shares during the period. Acadian Asset Management LLC acquired a new stake in Sun Communities during the first quarter worth about $362,000. Finally, MAI Capital Management grew its position in Sun Communities by 164.4% during the second quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 166 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sun Communities news, Director Clunet R. Lewis sold 3,200 shares of Sun Communities stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total value of $435,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SUI. Robert W. Baird upped their price target on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Truist Financial boosted their price objective on Sun Communities from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Barclays upped their target price on Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. UBS Group raised their target price on Sun Communities from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company upgraded shares of Sun Communities from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $133.00 to $150.00 in a research note on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $139.98.

Sun Communities Trading Up 0.1%

Shares of SUI stock opened at $127.82 on Friday. The company has a market capitalization of $15.75 billion, a P/E ratio of 11.90, a P/E/G ratio of 4.36 and a beta of 0.88. Sun Communities, Inc. has a 12-month low of $109.22 and a 12-month high of $137.85. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $130.48 and a 200 day moving average price of $127.40.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share 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 company had revenue of $515.20 million during the quarter, compared to analyst estimates of $509.40 million. During the same quarter last year, the business posted $1.41 earnings per share. The company’s revenue was up .1% on a year-over-year basis. 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. Research analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.48 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s payout ratio is 41.71%.

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.