Sun Communities, Inc. $SUI Shares Sold by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC trimmed its position in shares of Sun Communities, Inc. (NYSE:SUI) by 63.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,603 shares of the real estate investment trust’s stock after selling 16,712 shares during the period. Sun Communities accounts for 1.2% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 26th biggest holding. American Assets Capital Advisers LLC’s holdings in Sun Communities were worth $1,215,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. AGF Management Ltd. grew its holdings in Sun Communities by 24.1% in the 2nd quarter. AGF Management Ltd. now owns 24,966 shares of the real estate investment trust’s stock valued at $3,158,000 after buying an additional 4,846 shares during the last quarter. Metis Global Partners LLC boosted its stake in Sun Communities by 23.5% during the 2nd quarter. Metis Global Partners LLC now owns 21,426 shares of the real estate investment trust’s stock worth $2,710,000 after acquiring an additional 4,075 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in Sun Communities by 207.6% in the second quarter. Vestmark Advisory Solutions Inc. now owns 16,311 shares of the real estate investment trust’s stock valued at $2,063,000 after buying an additional 11,009 shares in the last quarter. Aew Capital Management L P lifted its stake in Sun Communities by 7.2% in the 2nd 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 acquiring an additional 13,730 shares in the last quarter. Finally, Levin Capital Strategies L.P. bought a new position in shares of Sun Communities in the 2nd quarter valued at about $696,000. 99.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial raised their price target on Sun Communities from $137.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Wall Street Zen downgraded Sun Communities from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Evercore ISI lifted their price target on shares of Sun Communities from $136.00 to $138.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $142.00 price target on Sun Communities and gave the company a “buy” rating in a research note on Monday. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $137.23.

Sun Communities Stock Up 1.9%

Shares of NYSE:SUI opened at $126.62 on Friday. The business has a fifty day moving average price of $126.38 and a two-hundred day moving average price of $125.38. Sun Communities, Inc. has a 1 year low of $109.22 and a 1 year high of $137.77. The company has a market capitalization of $15.66 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 4.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.08 and a quick ratio of 7.08.

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

Sun Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.04 per share. The ex-dividend date was Tuesday, September 30th. This represents a $4.16 annualized dividend and a dividend yield of 3.3%. Sun Communities’s dividend payout ratio is currently 52.13%.

About Sun Communities

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.