North Dakota State Investment Board Acquires Shares of 4,448 Sun Communities, Inc. $SUI

North Dakota State Investment Board acquired a new stake in Sun Communities, Inc. (NYSE:SUI) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,448 shares of the real estate investment trust’s stock, valued at approximately $551,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SUI. Thurston Springer Miller Herd & Titak Inc. lifted its position in Sun Communities by 1,226.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Sun Communities in the third quarter valued at approximately $27,000. Fulcrum Asset Management LLP bought a new stake in Sun Communities in the third quarter valued at approximately $27,000. Global X Japan Co. Ltd. bought a new stake in Sun Communities in the fourth quarter valued at approximately $33,000. Finally, Assetmark Inc. lifted its position in Sun Communities by 55.7% in the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 99.59% of the company’s stock.

Sun Communities Price Performance

Shares of Sun Communities stock opened at $126.14 on Friday. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. The company has a market cap of $15.54 billion, a PE ratio of 11.46, a P/E/G ratio of 3.34 and a beta of 0.82. The business has a 50 day moving average of $128.11 and a 200 day moving average of $127.54. 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 earnings results 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 business had revenue of $500.50 million for the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. Sun Communities’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS. 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. As a group, equities research analysts forecast that Sun Communities, Inc. will post 6.94 earnings per share for the current year.

Sun Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $1.12 per share. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, March 31st. Sun Communities’s dividend payout ratio is currently 40.69%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SUI shares. Mizuho started coverage on Sun Communities in a research report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 price objective for the company. Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $133.00 to $150.00 in a research report on Friday, February 27th. Robert W. Baird boosted their price objective on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Weiss Ratings downgraded Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Zelman & Associates began coverage on Sun Communities in a research report on Monday, March 16th. They issued an “outperform” rating and a $127.75 price objective for the company. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.48.

Insider Activity at Sun Communities

In related news, Director Clunet R. Lewis sold 3,800 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $136.01, for a total transaction of $516,838.00. Following the completion of the transaction, the director owned 16,817 shares in the company, valued at $2,287,280.17. This represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.58% of the stock is currently owned by corporate insiders.

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.