Sun Communities, Inc. $SUI Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 4.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 367,960 shares of the real estate investment trust’s stock after selling 18,300 shares during the period. Swiss National Bank’s holdings in Sun Communities were worth $47,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in SUI. Norges Bank acquired a new position in shares of Sun Communities during the second quarter valued at $925,926,000. Dodge & Cox increased its holdings in shares of Sun Communities by 4.0% in the 2nd quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock worth $1,796,001,000 after acquiring an additional 550,940 shares during the period. First Trust Advisors LP lifted its position in Sun Communities by 1,663.7% in the 3rd quarter. First Trust Advisors LP now owns 305,988 shares of the real estate investment trust’s stock valued at $39,472,000 after purchasing an additional 288,639 shares during the last quarter. Vanguard Group Inc. lifted its position in Sun Communities by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock valued at $2,359,404,000 after purchasing an additional 249,501 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its stake in Sun Communities by 27.6% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 746,432 shares of the real estate investment trust’s stock valued at $94,416,000 after purchasing an additional 161,589 shares during the period. 99.59% of the stock is owned by institutional investors and hedge funds.

Sun Communities Stock Down 1.0%

Sun Communities stock opened at $134.99 on Friday. Sun Communities, Inc. has a 52 week low of $109.22 and a 52 week high of $137.85. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 4.54 and a beta of 0.88. The company’s 50-day moving average price is $129.10 and its two-hundred day moving average price is $127.08. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.58.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $515.20 million during the quarter, compared to analyst estimates of $509.40 million. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 EPS. 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. On average, analysts expect that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, March 31st. Sun Communities’s payout ratio is currently 38.73%.

Insiders Place Their Bets

In other news, Director Gary A. Shiffman sold 156,875 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total value of $19,378,768.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Clunet R. Lewis sold 3,800 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.01, for a total value of $516,838.00. Following the completion of the sale, the director directly owned 16,817 shares in the company, valued at $2,287,280.17. This represents a 18.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 163,875 shares of company stock valued at $20,331,287. 1.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SUI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Tuesday, January 20th. Robert W. Baird boosted their price objective on Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Wells Fargo & Company raised Sun Communities from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $133.00 to $150.00 in a report on Friday, February 27th. UBS Group raised their target price on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Barclays lifted their target price on Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.86.

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.