Sun Communities, Inc. $SUI Shares Sold by APG Asset Management US Inc.

APG Asset Management US Inc. reduced its holdings in Sun Communities, Inc. (NYSE:SUI) by 18.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 337,138 shares of the real estate investment trust’s stock after selling 75,030 shares during the period. APG Asset Management US Inc. owned about 0.27% of Sun Communities worth $43,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SUI. Aster Capital Management DIFC Ltd acquired a new position in Sun Communities during the third quarter valued at $27,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Sun Communities during the 2nd quarter valued at about $30,000. MAI Capital Management lifted its holdings in shares of Sun Communities by 164.4% in the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 166 shares during the period. Assetmark Inc. boosted its stake in shares of Sun Communities by 55.7% in the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 97 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in Sun Communities during the third quarter worth about $37,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Jefferies Financial Group set a $142.00 price target on Sun Communities and gave the company a “buy” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Tuesday, January 20th. Wells Fargo & Company upgraded shares of Sun Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $133.00 to $150.00 in a research note on Friday. Robert W. Baird increased their price target on shares of Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a report on Wednesday, November 19th. Finally, Morgan Stanley cut their price objective on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $138.77.

Sun Communities Stock Up 0.7%

SUI opened at $136.71 on Friday. The company has a market cap of $16.84 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 4.54 and a beta of 0.90. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.84. The company has a 50-day moving average price of $126.94 and a 200 day moving average price of $126.50. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.58.

Sun Communities (NYSE:SUI) last posted 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. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The company had revenue of $515.20 million for the quarter, compared to analysts’ expectations of $509.40 million. During the same period in the previous year, the firm posted $1.41 EPS. Sun Communities’s revenue was up .1% compared to the same quarter last year. 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. Sell-side analysts expect that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

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

Insider Buying and Selling

In other Sun Communities news, Director Gary A. Shiffman sold 156,875 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was 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 SEC, which is accessible through this hyperlink. Corporate insiders own 1.77% 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.