Swiss Life Asset Management Ltd Has $1.38 Million Stock Position in Sun Communities, Inc. $SUI

Swiss Life Asset Management Ltd reduced its stake in Sun Communities, Inc. (NYSE:SUI) by 26.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,662 shares of the real estate investment trust’s stock after selling 3,904 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Sun Communities were worth $1,375,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of Sun Communities in the third quarter valued at approximately $27,000. Fulcrum Asset Management LLP acquired a new stake in Sun Communities during the 3rd quarter worth approximately $27,000. Elevation Point Wealth Partners LLC acquired a new stake in Sun Communities during the 2nd quarter worth approximately $30,000. MAI Capital Management boosted its stake in 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 purchasing an additional 166 shares during the period. Finally, Assetmark Inc. grew its holdings in 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 buying an additional 97 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sun Communities news, Director Clunet R. Lewis sold 3,200 shares of Sun Communities stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.77% of the stock is owned by insiders.

Sun Communities Stock Performance

Shares of Sun Communities stock opened at $128.98 on Tuesday. The company’s 50 day moving average price is $130.37 and its two-hundred day moving average price is $127.40. The firm has a market capitalization of $15.89 billion, a P/E ratio of 12.01, a P/E/G ratio of 4.45 and a beta of 0.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.43 and a quick ratio of 4.43. Sun Communities, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $137.85.

Sun Communities (NYSE:SUI) last issued 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 business had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. During the same quarter in the previous year, the company posted $1.41 EPS. Sun Communities’s quarterly revenue was up .1% compared to the same quarter last year. 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. On average, equities analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently disclosed 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. This is a positive change from Sun Communities’s previous quarterly dividend of $1.04. This represents a $4.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Sun Communities’s payout ratio is presently 41.71%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SUI. Citigroup increased their price objective on Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Morgan Stanley lowered their price target on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Tuesday, January 20th. Truist Financial raised their price objective on Sun Communities from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, UBS Group boosted their price target on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.98.

About Sun Communities

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.