CI Investments Inc. Decreases Position in Sun Communities, Inc. $SUI

CI Investments Inc. decreased its stake in Sun Communities, Inc. (NYSE:SUI) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,570 shares of the real estate investment trust’s stock after selling 4,291 shares during the quarter. CI Investments Inc.’s holdings in Sun Communities were worth $16,715,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SUI. 111 Capital bought a new position in Sun Communities during the third quarter valued at $454,000. Elo Mutual Pension Insurance Co purchased a new position in shares of Sun Communities during the 3rd quarter worth about $2,002,000. Huntington National Bank grew its holdings in Sun Communities by 83.6% during the 3rd quarter. Huntington National Bank now owns 492 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 224 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Sun Communities in the 3rd quarter worth about $27,000. Finally, Handelsbanken Fonder AB raised its position in Sun Communities by 31.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 43,298 shares of the real estate investment trust’s stock worth $5,585,000 after purchasing an additional 10,382 shares during the period. Institutional investors own 99.59% of the company’s stock.

Sun Communities Price Performance

Shares of SUI stock opened at $136.17 on Wednesday. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.85. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 4.57 and a beta of 0.88. The stock has a fifty day simple moving average of $127.47 and a two-hundred day simple moving average of $126.62. 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 announced its quarterly 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. The firm had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 earnings per share. 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 predict that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Sun Communities’s dividend payout ratio is presently 38.73%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen upgraded Sun Communities from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Barclays restated an “overweight” rating and set a $144.00 price objective on shares of Sun Communities in a report on Tuesday, January 13th. Morgan Stanley reduced their target price on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Robert W. Baird boosted their target price on shares of Sun Communities from $134.00 to $136.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Tuesday, January 20th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sun Communities has a consensus rating of “Hold” and an average price target of $139.93.

Insider Activity

In related news, Director Gary A. Shiffman sold 156,875 shares of Sun Communities stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total transaction of $19,378,768.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.89% of the company’s stock.

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.