Gary Shiffman Sells 156,875 Shares of Sun Communities (NYSE:SUI) Stock

Sun Communities, Inc. (NYSE:SUI) Director Gary Shiffman sold 156,875 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sun Communities Stock Down 0.4%

Shares of NYSE:SUI opened at $122.41 on Friday. The business’s 50 day simple moving average is $125.15 and its two-hundred day simple moving average is $125.90. The firm has a market cap of $15.14 billion, a P/E ratio of 15.34, a PEG ratio of 4.26 and a beta of 0.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 6.01 and a current ratio of 6.01. Sun Communities, Inc. has a 52-week low of $109.22 and a 52-week high of $137.77.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, beating the consensus estimate of $2.18 by $0.10. Sun Communities had a negative return on equity of 4.53% and a net margin of 42.58%.The firm had revenue of $697.20 million during the quarter, compared to the consensus estimate of $713.32 million. During the same quarter in the previous year, the company posted $2.34 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS. As a group, research analysts forecast that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $4.16 annualized dividend and a dividend yield of 3.4%. Sun Communities’s payout ratio is presently 52.13%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SUI shares. Truist Financial lifted their price target on Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Royal Bank Of Canada lifted their target price on Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Morgan Stanley lowered their price target on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Jefferies Financial Group set a $142.00 price objective on Sun Communities and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Barclays upped their target price on shares of Sun Communities from $141.00 to $143.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $137.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sun Communities during the 3rd quarter valued at $27,000. Fulcrum Asset Management LLP bought a new position in Sun Communities during the third quarter valued at about $27,000. Twin Tree Management LP purchased a new stake in Sun Communities during the first quarter worth about $29,000. Elevation Point Wealth Partners LLC purchased a new stake in Sun Communities during the second quarter worth about $30,000. Finally, Ransom Advisory Ltd bought a new stake in Sun Communities in the first quarter worth about $31,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.

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.