Sun Communities, Inc. $SUI Shares Purchased by LRT Capital Management LLC

LRT Capital Management LLC grew its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 31.5% during the third quarter, Holdings Channel reports. The institutional investor owned 22,948 shares of the real estate investment trust’s stock after acquiring an additional 5,496 shares during the period. Sun Communities makes up about 2.0% of LRT Capital Management LLC’s holdings, making the stock its 19th largest position. LRT Capital Management LLC’s holdings in Sun Communities were worth $2,960,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Allstate Corp bought a new stake in Sun Communities during the third quarter worth approximately $659,000. Vanguard Group Inc. boosted its stake in Sun Communities by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock valued at $2,359,404,000 after purchasing an additional 249,501 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in Sun Communities during the 3rd quarter valued at $1,527,000. Baillie Gifford & Co. increased its position in shares of Sun Communities by 26.6% during the 3rd quarter. Baillie Gifford & Co. now owns 48,210 shares of the real estate investment trust’s stock valued at $6,219,000 after purchasing an additional 10,127 shares during the period. Finally, Wealthfront Advisers LLC increased its position in shares of Sun Communities by 304.3% during the 3rd quarter. Wealthfront Advisers LLC now owns 27,828 shares of the real estate investment trust’s stock valued at $3,590,000 after purchasing an additional 20,945 shares during the period. 99.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sun Communities

In other Sun Communities news, Director Gary A. Shiffman sold 156,875 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Clunet R. Lewis sold 3,800 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $136.01, for a total transaction of $516,838.00. Following the sale, the director directly owned 16,817 shares of the company’s stock, valued at $2,287,280.17. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 163,875 shares of company stock worth $20,331,287 in the last three months. 1.89% of the stock is currently owned by company insiders.

Sun Communities Price Performance

Shares of NYSE:SUI opened at $134.94 on Tuesday. The company has a market capitalization of $16.62 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 4.49 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.43 and a current ratio of 4.43. The stock has a fifty day moving average of $129.63 and a 200-day moving average of $127.23. Sun Communities, Inc. has a one year low of $109.22 and a one year high of $137.85.

Sun Communities (NYSE:SUI) last issued its 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. The business had revenue of $515.20 million for the quarter, compared to analysts’ expectations of $509.40 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 EPS. 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 anticipate that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $1.12 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.48 dividend on an annualized basis and a yield of 3.3%. This is an increase from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s dividend payout ratio (DPR) is 38.73%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup upped their price objective on Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a report on Monday, March 2nd. UBS Group lifted their target price on Sun Communities from $126.00 to $127.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Robert W. Baird boosted their price target on shares of Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Morgan Stanley cut their price target on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, January 21st. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sun Communities presently has an average rating of “Moderate Buy” and an average target price of $139.98.

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.