Sun Communities, Inc. $SUI Shares Acquired by Baillie Gifford & Co.

Baillie Gifford & Co. increased its position in shares of Sun Communities, Inc. (NYSE:SUI) by 26.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,210 shares of the real estate investment trust’s stock after acquiring an additional 10,127 shares during the period. Baillie Gifford & Co.’s holdings in Sun Communities were worth $6,219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new stake in Sun Communities during the second quarter valued at approximately $30,000. MAI Capital Management lifted its holdings in shares of Sun Communities by 164.4% during the second 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 last quarter. Harbor Capital Advisors Inc. purchased a new position in Sun Communities in the 3rd quarter worth about $37,000. Farther Finance Advisors LLC lifted its stake in Sun Communities by 179.5% during the third quarter. Farther Finance Advisors LLC now owns 313 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 201 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in shares of Sun Communities in the second quarter worth approximately $47,000. 99.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Robert W. Baird increased their price objective on Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. Truist Financial lifted their target price on Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Jefferies Financial Group set a $142.00 price target on shares of Sun Communities and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a report on Wednesday. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $137.46.

Sun Communities Trading Up 0.7%

NYSE:SUI opened at $126.45 on Monday. The company has a market capitalization of $15.64 billion, a P/E ratio of 15.85, a P/E/G ratio of 4.17 and a beta of 0.90. The stock’s 50 day moving average price is $125.38 and its 200 day moving average price is $125.65. 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 posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping the consensus estimate of $2.18 by $0.10. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The company had revenue of $697.20 million during the quarter, compared to the consensus estimate of $713.32 million. During the same period in the previous year, the firm posted $2.34 earnings per share. The company’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 and its FY 2025 guidance at 6.590-6.670 EPS. On average, 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. Shareholders of record on Wednesday, December 31st will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Sun Communities’s dividend payout ratio is presently 52.13%.

Insider Buying and Selling at Sun Communities

In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $126.24, for a total transaction of $504,960.00. Following the transaction, the director directly owned 26,000 shares in the company, valued at $3,282,240. This trade represents a 13.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary A. Shiffman sold 156,875 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total value of $19,378,768.75. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.89% of the company’s stock.

Sun Communities 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.