Fernando Castro-Caratini Sells 23,750 Shares of Sun Communities (NYSE:SUI) Stock

Sun Communities, Inc. (NYSE:SUI) EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the sale, the executive vice president owned 9,998 shares of the company’s stock, valued at $1,244,051.14. The trade was a 70.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Sun Communities Stock Performance

Shares of NYSE:SUI opened at $125.10 on Friday. The company has a market cap of $15.42 billion, a P/E ratio of 11.36, a PEG ratio of 4.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. Sun Communities, Inc. has a one year low of $115.53 and a one year high of $137.85. The business’s 50-day simple moving average is $127.20 and its 200 day simple moving average is $127.58.

Sun Communities (NYSE:SUI) last announced its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the consensus estimate of $1.31 by ($1.38). The company had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 earnings per share. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. On average, sell-side analysts forecast that Sun Communities, Inc. will post 6.92 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, March 31st. This is an increase from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s dividend payout ratio (DPR) is 40.69%.

Hedge Funds Weigh In On Sun Communities

A number of institutional investors have recently made changes to their positions in SUI. CoreCap Advisors LLC raised its position in Sun Communities by 3.8% in the 4th quarter. CoreCap Advisors LLC now owns 2,228 shares of the real estate investment trust’s stock valued at $276,000 after buying an additional 82 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sun Communities by 9.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 84 shares during the last quarter. IFP Advisors Inc raised its position in Sun Communities by 3.2% in the 4th quarter. IFP Advisors Inc now owns 2,902 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 89 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Sun Communities by 13.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 773 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 90 shares during the last quarter. Finally, Assetmark Inc. raised its position in Sun Communities by 55.7% in the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 97 shares during the last quarter. 99.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SUI. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Sun Communities in a report on Thursday, May 14th. Barclays dropped their target price on Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Weiss Ratings downgraded Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $133.00 to $150.00 in a report on Friday, February 27th. Finally, Truist Financial dropped their price objective on Sun Communities from $147.00 to $141.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.84.

Sun Communities Company 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.