Sun Communities, Inc. $SUI Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in Sun Communities, Inc. (NYSE:SUI) by 45.3% during the second quarter, HoldingsChannel reports. The firm owned 11,059 shares of the real estate investment trust’s stock after acquiring an additional 3,448 shares during the period. Intech Investment Management LLC’s holdings in Sun Communities were worth $1,399,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Versor Investments LP raised its stake in Sun Communities by 92.5% during the first quarter. Versor Investments LP now owns 6,545 shares of the real estate investment trust’s stock worth $842,000 after purchasing an additional 3,145 shares during the period. Aew Capital Management L P raised its position in Sun Communities by 7.2% in the second quarter. Aew Capital Management L P now owns 205,190 shares of the real estate investment trust’s stock valued at $25,954,000 after purchasing an additional 13,730 shares during the period. Deutsche Bank AG raised its holdings in shares of Sun Communities by 103.7% in the 1st quarter. Deutsche Bank AG now owns 1,611,425 shares of the real estate investment trust’s stock valued at $207,294,000 after buying an additional 820,422 shares during the period. American National Bank & Trust acquired a new position in Sun Communities during the 2nd quarter worth about $759,000. Finally, GAMMA Investing LLC boosted its holdings in Sun Communities by 8.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,131 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 84 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Insider Buying and Selling

In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of the stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.77% of the stock is owned by corporate insiders.

Sun Communities Price Performance

Shares of SUI opened at $128.28 on Monday. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 4.05 and a beta of 0.86. The firm’s fifty day simple moving average is $125.94 and its 200-day simple moving average is $125.47. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.77. The company has a current ratio of 7.08, a quick ratio of 7.08 and a debt-to-equity ratio of 0.55.

Sun Communities (NYSE:SUI) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, beating the consensus estimate of $2.18 by $0.10. The firm had revenue of $697.20 million for the quarter, compared to analyst estimates of $713.32 million. Sun Communities had a negative return on equity of 4.51% and a net margin of 42.58%.Sun Communities’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 earnings per share. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS. FY 2025 guidance at 6.590-6.670 EPS. Equities analysts forecast that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.04 per share. The ex-dividend date was Tuesday, September 30th. This represents a $4.16 annualized dividend and a yield of 3.2%. Sun Communities’s payout ratio is presently 52.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Sun Communities from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Morgan Stanley set a $142.00 price objective on Sun Communities in a research report on Thursday, September 4th. Royal Bank Of Canada increased their price objective on Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, October 8th. Finally, Robert W. Baird upped their price target on Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a report on Wednesday, November 19th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $137.83.

Sun Communities Profile

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.