Allspring Global Investments Holdings LLC Sells 162,138 Shares of Sun Communities, Inc. $SUI

Allspring Global Investments Holdings LLC cut its holdings in Sun Communities, Inc. (NYSE:SUI) by 61.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,530 shares of the real estate investment trust’s stock after selling 162,138 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sun Communities were worth $13,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Sun Communities during the first quarter valued at approximately $217,000. Principal Financial Group Inc. boosted its position in shares of Sun Communities by 14.6% during the first quarter. Principal Financial Group Inc. now owns 131,568 shares of the real estate investment trust’s stock worth $16,572,000 after acquiring an additional 16,782 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Sun Communities by 16.2% during the first quarter. Chicago Partners Investment Group LLC now owns 2,233 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 312 shares during the last quarter. Arbejdsmarkedets Tillaegspension grew its stake in Sun Communities by 4.1% during the first quarter. Arbejdsmarkedets Tillaegspension now owns 196,774 shares of the real estate investment trust’s stock valued at $24,786,000 after acquiring an additional 7,738 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Sun Communities by 39.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,683 shares of the real estate investment trust’s stock valued at $7,014,000 after acquiring an additional 15,630 shares during the last quarter. 99.59% of the stock is currently owned by institutional investors.

Sun Communities Trading Down 1.0%

Shares of NYSE SUI opened at $119.04 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. The business’s 50 day moving average price is $122.13 and its 200-day moving average price is $126.48. Sun Communities, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $137.85. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 3.97 and a beta of 0.79.

Sun Communities (NYSE:SUI) last issued its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). The company had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.Sun Communities’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 expect that Sun Communities, Inc. will post 6.9 earnings per share for the current year.

Sun Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.12 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. Sun Communities’s dividend payout ratio (DPR) is currently 40.69%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho decreased their price target on shares of Sun Communities from $143.00 to $137.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Barclays cut their price objective on Sun Communities from $147.00 to $146.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Sun Communities in a report on Thursday, May 14th. Weiss Ratings downgraded Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.05.

Insider Buying and Selling

In other news, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. The trade was a 70.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary A. Shiffman sold 25,031 shares of Sun Communities stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the transaction, the director directly owned 857,761 shares in the company, valued at approximately $102,897,009.56. The trade was a 2.84% decrease in their position. The SEC filing for this sale provides additional information. 1.58% of the stock is currently owned by company 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.