Sun Communities, Inc. $SUI Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its position in Sun Communities, Inc. (NYSE:SUI) by 8.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 134,972 shares of the real estate investment trust’s stock after selling 12,894 shares during the quarter. Citigroup Inc. owned about 0.11% of Sun Communities worth $17,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Tredje AP fonden grew its holdings in shares of Sun Communities by 30.2% during the third quarter. Tredje AP fonden now owns 12,829 shares of the real estate investment trust’s stock worth $1,655,000 after buying an additional 2,975 shares in the last quarter. AMG National Trust Bank boosted its position in Sun Communities by 13.0% during the third quarter. AMG National Trust Bank now owns 14,071 shares of the real estate investment trust’s stock worth $1,815,000 after acquiring an additional 1,624 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in Sun Communities in the 3rd quarter worth approximately $1,338,000. First National Bank of Omaha acquired a new position in Sun Communities in the 3rd quarter valued at $2,341,000. Finally, NEOS Investment Management LLC lifted its stake in shares of Sun Communities by 101.9% during the 3rd quarter. NEOS Investment Management LLC now owns 11,534 shares of the real estate investment trust’s stock worth $1,488,000 after purchasing an additional 5,821 shares during the period. 99.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SUI has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price objective on Sun Communities from $134.00 to $136.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. UBS Group lifted their price target on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, January 21st. Seven investment 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 data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $138.77.

Insider Activity at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.77% of the company’s stock.

Sun Communities Price Performance

Sun Communities stock opened at $136.71 on Friday. The firm has a fifty day moving average of $126.94 and a 200-day moving average of $126.49. Sun Communities, Inc. has a 52-week low of $109.22 and a 52-week high of $137.84. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $16.84 billion, a P/E ratio of 12.73, a PEG ratio of 4.52 and a beta of 0.90.

Sun Communities (NYSE:SUI) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. 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 business posted $1.41 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. 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. As a group, analysts predict that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were paid a $1.04 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.0%. Sun Communities’s dividend payout ratio (DPR) is 38.73%.

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.