Andra AP fonden Sells 31,043 Shares of Sun Communities, Inc. $SUI

Andra AP fonden lowered its stake in Sun Communities, Inc. (NYSE:SUI) by 60.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,657 shares of the real estate investment trust’s stock after selling 31,043 shares during the quarter. Andra AP fonden’s holdings in Sun Communities were worth $2,602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SUI. Meeder Asset Management Inc. raised its stake in Sun Communities by 45.3% in the first quarter. Meeder Asset Management Inc. now owns 97,715 shares of the real estate investment trust’s stock valued at $12,308,000 after purchasing an additional 30,473 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sun Communities by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,812,301 shares of the real estate investment trust’s stock valued at $228,280,000 after purchasing an additional 51,588 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Sun Communities by 182.9% in the first quarter. Parallel Advisors LLC now owns 2,031 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 1,313 shares in the last quarter. KBC Group NV raised its holdings in Sun Communities by 12.0% in the 1st quarter. KBC Group NV now owns 29,778 shares of the real estate investment trust’s stock worth $3,751,000 after acquiring an additional 3,192 shares during the last quarter. Finally, SEB Asset Management AB bought a new stake in Sun Communities in the 1st quarter worth approximately $5,684,000. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Sun Communities Price Performance

Shares of NYSE:SUI opened at $119.73 on Thursday. The firm has a market capitalization of $14.75 billion, a PE ratio of 10.87, a PEG ratio of 3.93 and a beta of 0.79. Sun Communities, Inc. has a 1-year low of $115.53 and a 1-year high of $137.85. The business’s 50 day moving average is $122.04 and its 200-day moving average is $126.45. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last announced its 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). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business had revenue of $500.50 million during the quarter, compared to analyst estimates of $472.40 million. During the same quarter last year, the business posted $1.26 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. 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 predict 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. Investors of record on Tuesday, June 30th were given a dividend of $1.12 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.48 annualized dividend and a yield of 3.7%. Sun Communities’s dividend payout ratio (DPR) is currently 40.69%.

Insider Buying and Selling

In other news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the completion of the sale, the executive vice president owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This trade represents a 70.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction dated 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 directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. The trade was a 2.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SUI. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Sun Communities in a report on Thursday, May 14th. Mizuho cut their target price on Sun Communities from $143.00 to $137.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Colliers Securities upgraded Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Friday, May 22nd. Evercore restated an “outperform” rating and set a $144.00 target price on shares of Sun Communities in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company lowered their price target on Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Sun Communities currently has an average rating of “Moderate Buy” and an average target price of $140.05.

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.