Dimensional Fund Advisors LP Has $228.28 Million Holdings in Sun Communities, Inc. $SUI

Dimensional Fund Advisors LP raised its position in shares of Sun Communities, Inc. (NYSE:SUI) by 2.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,812,301 shares of the real estate investment trust’s stock after buying an additional 51,588 shares during the period. Dimensional Fund Advisors LP’s holdings in Sun Communities were worth $228,280,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of Sun Communities by 17.8% in the first quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock worth $1,554,000 after acquiring an additional 1,827 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Sun Communities by 21.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust’s stock valued at $25,128,000 after acquiring an additional 33,981 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Sun Communities by 32.5% in the 1st quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock valued at $434,000 after acquiring an additional 829 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Sun Communities in the 1st quarter worth approximately $362,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Sun Communities by 26.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 673 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 141 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were 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 approximately $102,897,009.56. This represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the sale, the executive vice president owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. This represents a 70.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.58% of the company’s stock.

Wall Street Analyst Weigh In

SUI has been the topic of several research analyst reports. Evercore reiterated an “outperform” rating and set a $144.00 price objective on shares of Sun Communities in a research report on Wednesday, April 29th. 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 report on Friday, May 22nd. Barclays decreased their target price on Sun Communities from $147.00 to $146.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings downgraded Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sun Communities currently has an average rating of “Moderate Buy” and a consensus target price of $140.05.

Sun Communities Stock Performance

SUI stock opened at $120.14 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. The stock has a market cap of $14.80 billion, a P/E ratio of 10.91, a P/E/G ratio of 3.96 and a beta of 0.79. The firm has a 50 day simple moving average of $122.01 and a 200 day simple moving average of $126.44. Sun Communities, Inc. has a 52 week low of $115.53 and a 52 week high of $137.85.

Sun Communities (NYSE:SUI) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). The company had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. 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. Research analysts anticipate that Sun Communities, Inc. will post 6.9 earnings per share for the current fiscal year.

Sun Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, June 30th. Sun Communities’s payout ratio is currently 40.69%.

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.