Azzad Asset Management Inc. ADV Purchases New Shares in Sun Communities, Inc. $SUI

Azzad Asset Management Inc. ADV purchased a new position in shares of Sun Communities, Inc. (NYSE:SUI) during the first quarter, HoldingsChannel reports. The fund purchased 9,822 shares of the real estate investment trust’s stock, valued at approximately $1,237,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SUI. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Sun Communities by 3.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 435,388 shares of the real estate investment trust’s stock valued at $54,841,000 after purchasing an additional 16,185 shares during the period. Resona Asset Management Co. Ltd. grew its position in shares of Sun Communities by 2.0% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 68,360 shares of the real estate investment trust’s stock worth $8,623,000 after purchasing an additional 1,362 shares in the last quarter. Impact Investors Inc bought a new position in shares of Sun Communities during the first quarter worth approximately $255,000. V Square Quantitative Management LLC increased its holdings in shares of Sun Communities by 36.7% during the first quarter. V Square Quantitative Management LLC now owns 548 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 147 shares during the period. Finally, Osborne Partners Capital Management LLC increased its holdings in shares of Sun Communities by 1.8% during the first quarter. Osborne Partners Capital Management LLC now owns 47,600 shares of the real estate investment trust’s stock worth $5,996,000 after purchasing an additional 840 shares during the period. Institutional investors and hedge funds own 99.59% of the company’s stock.

Insiders Place Their Bets

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 transaction of $2,955,212.50. Following the completion of the transaction, the executive vice president 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary A. Shiffman sold 25,031 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total value of $3,002,718.76. Following the transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Company insiders own 1.58% of the company’s stock.

Sun Communities Price Performance

SUI stock opened at $119.10 on Friday. The company’s 50-day moving average price is $122.92 and its two-hundred day moving average price is $126.66. The firm has a market cap of $14.68 billion, a P/E ratio of 10.82, a P/E/G ratio of 3.92 and a beta of 0.79. 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.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). The firm 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 business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company 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, analysts anticipate that Sun Communities, Inc. will post 6.9 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.12 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.48 annualized dividend and a yield of 3.8%. Sun Communities’s dividend payout ratio is presently 40.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SUI shares. Wells Fargo & Company cut their price target on Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Truist Financial lowered their price objective on Sun Communities from $141.00 to $138.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Royal Bank Of Canada lowered their price objective on Sun Communities from $151.00 to $149.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Sun Communities in a report on Thursday, May 14th. Finally, Evercore reiterated an “outperform” rating and set a $144.00 target price on shares of Sun Communities in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.12.

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.