Elo Mutual Pension Insurance Co Makes New Investment in Sun Communities, Inc. $SUI

Elo Mutual Pension Insurance Co purchased a new stake in Sun Communities, Inc. (NYSE:SUI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,522 shares of the real estate investment trust’s stock, valued at approximately $2,002,000.

A number of other hedge funds have also modified their holdings of SUI. Aew Capital Management L P increased its position in Sun Communities by 7.2% during the second quarter. Aew Capital Management L P now owns 205,190 shares of the real estate investment trust’s stock worth $25,954,000 after buying an additional 13,730 shares in the last quarter. Allstate Corp acquired a new stake in shares of Sun Communities during the third quarter valued at $659,000. Vanguard Group Inc. increased its position in Sun Communities by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock worth $2,359,404,000 after purchasing an additional 249,501 shares in the last quarter. Baillie Gifford & Co. raised its stake in Sun Communities by 26.6% in the 3rd quarter. Baillie Gifford & Co. now owns 48,210 shares of the real estate investment trust’s stock valued at $6,219,000 after purchasing an additional 10,127 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in Sun Communities in the 3rd quarter valued at about $1,527,000. 99.59% of the stock is owned by hedge funds and other institutional investors.

Sun Communities Stock Down 0.4%

Shares of SUI opened at $135.88 on Thursday. Sun Communities, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $137.85. The company’s fifty day moving average is $127.70 and its two-hundred day moving average is $126.68. The firm has a market cap of $16.74 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 4.54 and a beta of 0.88. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $515.20 million during the quarter, compared to the consensus estimate of $509.40 million. During the same period in the prior year, the firm posted $1.41 EPS. The business’s revenue for the quarter 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. Analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Sun Communities’s payout ratio is currently 38.73%.

Analyst Ratings Changes

A number of brokerages have recently commented on SUI. Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Robert W. Baird raised their target price on shares of Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. Truist Financial boosted their price target on Sun Communities from $141.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday. Barclays reissued an “overweight” rating and set a $144.00 price target on shares of Sun Communities in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada lifted their price objective on Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $140.29.

Insider Activity

In other Sun Communities news, Director Gary A. Shiffman sold 156,875 shares of Sun Communities 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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.