Sun Communities, Inc. $SUI Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in Sun Communities, Inc. (NYSE:SUI) by 31.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 43,298 shares of the real estate investment trust’s stock after purchasing an additional 10,382 shares during the quarter. Handelsbanken Fonder AB’s holdings in Sun Communities were worth $5,585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SUI. Elevation Point Wealth Partners LLC acquired a new position in Sun Communities in the 2nd quarter worth approximately $30,000. MAI Capital Management boosted its holdings in shares of Sun Communities by 164.4% in the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 166 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Sun Communities by 55.7% in the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 97 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Sun Communities in the third quarter worth $37,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Sun Communities by 179.5% in the third quarter. Farther Finance Advisors LLC now owns 313 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 201 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SUI. Citigroup upped their price target on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their target price on Sun Communities from $142.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Wall Street Zen raised Sun Communities from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, UBS Group lifted their price target on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $139.93.

Sun Communities Price Performance

NYSE:SUI opened at $136.99 on Tuesday. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. Sun Communities, Inc. has a 52 week low of $109.22 and a 52 week high of $137.85. The stock’s 50-day moving average price is $127.22 and its 200-day moving average price is $126.56. The stock has a market capitalization of $16.87 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 4.54 and a beta of 0.87.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The company had revenue of $515.20 million for the quarter, compared to the consensus estimate of $509.40 million. During the same quarter in the prior year, the business posted $1.41 earnings per share. Sun Communities’s revenue for the quarter was up .1% on a year-over-year basis. 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. As a group, equities analysts expect that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, December 31st were paid a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $4.16 dividend on an annualized basis and a yield of 3.0%. Sun Communities’s dividend payout ratio (DPR) is currently 38.73%.

Insider Transactions at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.89% of the company’s stock.

Sun Communities Company 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.