Strs Ohio Has $7.18 Million Stake in Sun Communities, Inc. $SUI

Strs Ohio lowered its holdings in Sun Communities, Inc. (NYSE:SUI) by 65.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,625 shares of the real estate investment trust’s stock after selling 106,635 shares during the quarter. Strs Ohio’s holdings in Sun Communities were worth $7,176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Osborne Partners Capital Management LLC lifted its stake in shares of Sun Communities by 3.0% in the third quarter. Osborne Partners Capital Management LLC now owns 46,965 shares of the real estate investment trust’s stock valued at $6,059,000 after buying an additional 1,377 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Sun Communities in the 3rd quarter worth about $1,527,000. Allstate Corp bought a new position in Sun Communities in the 3rd quarter valued at about $659,000. Sequoia Financial Advisors LLC acquired a new position in Sun Communities during the 3rd quarter valued at about $443,000. Finally, Cannon Global Investment Management LLC increased its holdings in Sun Communities by 80.0% during the 3rd quarter. Cannon Global Investment Management LLC now owns 13,500 shares of the real estate investment trust’s stock worth $1,742,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SUI shares. Morgan Stanley dropped their target price on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Wall Street Zen raised Sun Communities from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Robert W. Baird lifted their price objective on shares of Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a report on Wednesday, November 19th. Barclays reiterated an “overweight” rating and issued a $144.00 target price on shares of Sun Communities in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group set a $142.00 price target on shares of Sun Communities and gave the company a “buy” rating in a research report on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $137.46.

Insider Activity at Sun Communities

In other Sun Communities 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Clunet R. Lewis sold 4,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $126.24, for a total value of $504,960.00. Following the transaction, the director directly owned 26,000 shares in the company, valued at $3,282,240. This represents a 13.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.89% of the company’s stock.

Sun Communities Stock Down 1.1%

Shares of NYSE:SUI opened at $125.04 on Tuesday. Sun Communities, Inc. has a 1 year low of $109.22 and a 1 year high of $137.77. The company has a market capitalization of $15.46 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 4.17 and a beta of 0.90. The business has a fifty day moving average price of $125.37 and a two-hundred day moving average price of $125.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick ratio of 6.01.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.10. The company had revenue of $697.20 million for the quarter, compared to the consensus estimate of $713.32 million. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS. Analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Sun Communities’s dividend payout ratio is currently 52.13%.

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.