Gary Shiffman Sells 25,031 Shares of Sun Communities (NYSE:SUI) Stock

Sun Communities, Inc. (NYSE:SUI) Director Gary Shiffman sold 25,031 shares of Sun Communities 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 transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sun Communities Stock Performance

NYSE SUI opened at $121.28 on Friday. The company has a 50-day simple moving average of $124.47 and a two-hundred day simple moving average of $126.81. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85. The firm has a market cap of $14.95 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 3.90 and a beta of 0.79.

Sun Communities (NYSE:SUI) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, equities analysts forecast that Sun Communities, Inc. will post 6.94 EPS for the current year.

Sun Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $1.12 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.48 annualized dividend and a yield of 3.7%. Sun Communities’s payout ratio is presently 40.69%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SUI. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Sun Communities by 1,226.7% during 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 purchasing an additional 184 shares in the last quarter. Fulcrum Asset Management LLP purchased a new stake in Sun Communities in the third quarter worth about $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Sun Communities in the third quarter worth about $27,000. Global X Japan Co. Ltd. bought a new stake in Sun Communities during the 4th quarter valued at approximately $33,000. Finally, Assetmark Inc. boosted its position in Sun Communities by 55.7% during the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 97 shares in the last quarter. 99.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SUI has been the topic of several recent analyst reports. Mizuho started coverage on shares of Sun Communities in a report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 target price on the stock. Barclays lowered their price target on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Citigroup increased their price target on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Sun Communities in a report on Thursday, May 14th. Finally, Truist Financial decreased their price objective on shares of Sun Communities from $141.00 to $138.00 and set a “buy” rating on the stock in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.91.

About Sun Communities

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.