Andra AP fonden Increases Holdings in Sun Communities, Inc. $SUI

Andra AP fonden grew its position in Sun Communities, Inc. (NYSE:SUI) by 1,242.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 67,600 shares of the real estate investment trust’s stock after buying an additional 62,565 shares during the period. Andra AP fonden owned approximately 0.05% of Sun Communities worth $8,720,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Sun Communities during the second quarter valued at $925,926,000. Dodge & Cox raised its stake in Sun Communities by 4.0% during the 2nd quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock valued at $1,796,001,000 after buying an additional 550,940 shares during the last quarter. Vanguard Group Inc. increased its position in Sun Communities by 1.4% during the third quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock valued at $2,359,404,000 after acquiring an additional 249,501 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its position in Sun Communities by 27.6% in the second quarter. Lasalle Investment Management Securities LLC now owns 746,432 shares of the real estate investment trust’s stock worth $94,416,000 after purchasing an additional 161,589 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Sun Communities by 4.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,775,910 shares of the real estate investment trust’s stock valued at $351,125,000 after purchasing an additional 128,334 shares during the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays reissued an “overweight” rating and issued a $144.00 price objective on shares of Sun Communities in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft raised Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, January 20th. Wells Fargo & Company upgraded shares of Sun Communities from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $133.00 to $150.00 in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, January 21st. Finally, Truist Financial increased their price objective on shares of Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $138.77.

Sun Communities Trading Up 0.7%

SUI stock opened at $136.71 on Friday. The firm’s 50-day moving average is $126.94 and its 200 day moving average is $126.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick ratio of 6.01. Sun Communities, Inc. has a 12 month low of $109.22 and a 12 month high of $137.84. The company has a market capitalization of $16.84 billion, a PE ratio of 12.73, a P/E/G ratio of 4.54 and a beta of 0.90.

Sun Communities (NYSE:SUI) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $515.20 million for the quarter, compared to analysts’ expectations of $509.40 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.Sun Communities’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 earnings per share. 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. On average, research analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Announces Dividend

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

Insider Activity at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total transaction of $19,378,768.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.77% of the stock is currently owned by company insiders.

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.