Mitsubishi UFJ Asset Management Co. Ltd. Has $26.70 Million Stock Position in Sun Communities, Inc. $SUI

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Sun Communities, Inc. (NYSE:SUI) by 8.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 207,011 shares of the real estate investment trust’s stock after purchasing an additional 16,656 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.17% of Sun Communities worth $26,704,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SUI. Elevation Point Wealth Partners LLC bought a new position in Sun Communities in the 2nd quarter valued at about $30,000. MAI Capital Management lifted its holdings in shares of Sun Communities by 164.4% during the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 166 shares during the period. Assetmark Inc. boosted its position in shares of Sun Communities by 55.7% during the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 97 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Sun Communities in the third quarter valued at approximately $37,000. Finally, Farther Finance Advisors LLC raised its position in Sun Communities by 179.5% during the third quarter. Farther Finance Advisors LLC now owns 313 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, January 21st. Barclays restated an “overweight” rating and set a $144.00 price objective on shares of Sun Communities in a research report on Tuesday, January 13th. UBS Group raised their price objective on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Robert W. Baird boosted their target price on Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. Finally, Truist Financial increased their target price on shares of Sun Communities from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sun Communities presently has an average rating of “Hold” and an average target price of $138.77.

Insiders Place Their Bets

In other Sun Communities news, Director Gary A. Shiffman sold 156,875 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.89% of the stock is owned by insiders.

Sun Communities Trading Up 0.7%

NYSE SUI opened at $136.71 on Monday. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 4.54 and a beta of 0.87. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.84. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average is $126.94 and its 200 day moving average is $126.49.

Sun Communities (NYSE:SUI) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The firm had revenue of $515.20 million during the quarter, compared to the consensus estimate of $509.40 million. During the same period last year, the company earned $1.41 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. As a group, sell-side analysts expect that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, December 31st were given a dividend of $1.04 per share. The ex-dividend date was Wednesday, December 31st. This represents a $4.16 annualized dividend and a yield of 3.0%. Sun Communities’s dividend payout ratio (DPR) is currently 38.73%.

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.