Sun Communities, Inc. $SUI Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 1,504.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,671 shares of the real estate investment trust’s stock after purchasing an additional 97,210 shares during the period. SG Americas Securities LLC owned approximately 0.08% of Sun Communities worth $12,846,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Sun Communities by 1.4% in 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 buying an additional 249,501 shares during the period. Dodge & Cox grew its holdings in Sun Communities by 2.0% during the third quarter. Dodge & Cox now owns 14,480,815 shares of the real estate investment trust’s stock worth $1,868,025,000 after acquiring an additional 282,055 shares during the period. Norges Bank purchased a new position in Sun Communities in the second quarter worth $925,926,000. State Street Corp raised its position in Sun Communities by 4.2% in the third quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock worth $699,862,000 after acquiring an additional 214,634 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Sun Communities by 1,224.1% in the third quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock valued at $578,668,000 after acquiring an additional 4,147,015 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company upgraded shares of Sun Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $133.00 to $150.00 in a research report on Friday, February 27th. Zelman & Associates started coverage on shares of Sun Communities in a report on Monday, March 16th. They issued an “outperform” rating and a $127.75 price target for the company. Robert W. Baird raised their price objective on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. UBS Group boosted their price objective on shares of Sun Communities from $126.00 to $127.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Barclays increased their target price on shares of Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.98.

Sun Communities Trading Down 1.7%

NYSE:SUI opened at $125.60 on Friday. The company has a market capitalization of $15.47 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 4.29 and a beta of 0.88. 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. The stock has a fifty day simple moving average of $130.39 and a 200-day simple moving average of $127.36.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company earned $1.41 EPS. The firm’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. On average, equities research analysts expect 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. Stockholders of record on Tuesday, March 31st will be given a $1.12 dividend. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, March 31st. Sun Communities’s dividend payout ratio (DPR) is currently 38.73%.

Insider Activity at Sun Communities

In other news, Director Clunet R. Lewis sold 3,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.15, for a total transaction of $435,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.77% of the stock is owned by corporate insiders.

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.