California Public Employees Retirement System Sells 24,801 Shares of Sun Communities, Inc. $SUI

California Public Employees Retirement System lessened its position in Sun Communities, Inc. (NYSE:SUI) by 8.8% during the first quarter, Holdings Channel reports. The institutional investor owned 257,182 shares of the real estate investment trust’s stock after selling 24,801 shares during the quarter. California Public Employees Retirement System’s holdings in Sun Communities were worth $32,395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Sun Communities by 1,226.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 184 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Sun Communities in the third quarter valued at approximately $27,000. Global X Japan Co. Ltd. acquired a new stake in shares of Sun Communities in the fourth quarter valued at approximately $33,000. Wiser Advisor Group LLC bought a new stake in shares of Sun Communities in the third quarter worth $46,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Sun Communities in the fourth quarter worth $48,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Analyst Ratings Changes

SUI has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Barclays reduced their price objective on shares of Sun Communities from $147.00 to $146.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Colliers Securities upgraded Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Friday, May 22nd. Wells Fargo & Company lowered their target price on Sun Communities from $150.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Evercore reissued an “outperform” rating and set a $144.00 price target on shares of Sun Communities in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sun Communities has an average rating of “Moderate Buy” and an average target price of $140.05.

Sun Communities Stock Down 1.0%

Sun Communities stock opened at $119.04 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39. The company’s 50-day moving average is $122.13 and its 200-day moving average is $126.48. The firm has a market capitalization of $14.67 billion, a PE ratio of 10.81, a P/E/G ratio of 3.97 and a beta of 0.79. Sun Communities, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $137.85.

Sun Communities (NYSE:SUI) last posted its quarterly 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 business had revenue of $500.50 million for 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%.The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 EPS. 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. Sell-side analysts anticipate that Sun Communities, Inc. will post 6.9 earnings per share for the current year.

Sun Communities Announces Dividend

The firm also recently announced 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. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Tuesday, June 30th. Sun Communities’s payout ratio is currently 40.69%.

Insider Buying and Selling

In other Sun Communities news, Director Gary A. Shiffman sold 25,031 shares of the firm’s stock in a transaction 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 sale, the director owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the transaction, the executive vice president directly owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.58% of the stock is currently owned by 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.