Sun Communities, Inc. $SUI Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. decreased its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,281 shares of the real estate investment trust’s stock after selling 100 shares during the period. Baird Financial Group Inc.’s holdings in Sun Communities were worth $551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Sun Communities during the first quarter worth approximately $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Sun Communities in the first quarter worth $42,000. Parallel Advisors LLC increased its position in shares of Sun Communities by 66.4% in the first quarter. Parallel Advisors LLC now owns 476 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 190 shares in the last quarter. Avalon Trust Co acquired a new stake in shares of Sun Communities in the first quarter worth $65,000. Finally, Blue Trust Inc. increased its position in shares of Sun Communities by 510.4% in the first quarter. Blue Trust Inc. now owns 586 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Trading Down 1.3%

NYSE SUI opened at $128.48 on Thursday. Sun Communities, Inc. has a 12 month low of $109.22 and a 12 month high of $147.83. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.08 and a quick ratio of 7.08. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 6.72 and a beta of 0.86. The company’s fifty day moving average price is $125.72 and its two-hundred day moving average price is $125.90.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Sun Communities had a net margin of 48.86% and a negative return on equity of 0.60%. The firm had revenue of $623.50 million for the quarter, compared to the consensus estimate of $614.79 million. During the same period in the prior year, the firm posted $1.86 EPS. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. As a group, research analysts predict that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Sun Communities’s dividend payout ratio is 40.70%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SUI shares. Wall Street Zen raised shares of Sun Communities from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays started coverage on shares of Sun Communities in a research report on Thursday, May 29th. They issued an “overweight” rating and a $141.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Sun Communities from $135.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Colliers Securities started coverage on shares of Sun Communities in a research report on Friday, June 13th. They issued a “neutral” rating and a $130.00 price objective for the company. Finally, Royal Bank Of Canada dropped their price objective on shares of Sun Communities from $147.00 to $143.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $138.71.

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.