Sun Communities, Inc. $SUI Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in Sun Communities, Inc. (NYSE:SUI) by 40.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 501,267 shares of the real estate investment trust’s stock after selling 336,789 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Sun Communities worth $64,664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allstate Corp purchased a new position in shares of Sun Communities during the third quarter worth about $659,000. Vanguard Group Inc. lifted its holdings in shares of Sun Communities by 1.4% in 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 during the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Sun Communities in the 3rd quarter valued at about $1,527,000. Baillie Gifford & Co. boosted its position in shares of Sun Communities by 26.6% in 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 grew its stake in 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 worth $3,590,000 after buying an additional 20,945 shares during the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on SUI. Barclays lifted their price target on Sun Communities from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Wells Fargo & Company upgraded shares of Sun Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $133.00 to $150.00 in a research report on Friday, February 27th. Truist Financial lifted their target price on shares of Sun Communities from $141.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Tuesday, January 20th. Finally, Morgan Stanley decreased 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 research note on Tuesday, November 25th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.98.

Sun Communities Stock Down 0.8%

SUI opened at $131.24 on Friday. The business has a 50 day moving average price of $130.18 and a two-hundred day moving average price of $127.35. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. The company has a market cap of $16.17 billion, a PE ratio of 12.22, a P/E/G ratio of 4.51 and a beta of 0.88. Sun Communities, Inc. has a 52 week low of $109.22 and a 52 week high of $137.85.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share 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 during the quarter, compared to analysts’ expectations of $509.40 million. During the same period last year, the firm earned $1.41 EPS. The firm’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, research analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current 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 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 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Sun Communities’s dividend payout ratio is 38.73%.

Insiders Place Their Bets

In related news, Director Clunet R. Lewis sold 3,800 shares of Sun Communities stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $136.01, for a total value of $516,838.00. Following the transaction, the director directly owned 16,817 shares in the company, valued at $2,287,280.17. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.77% of the stock is currently owned by company insiders.

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.