Capital International Investors Purchases 4,768 Shares of Sun Communities, Inc. $SUI

Capital International Investors raised its position in shares of Sun Communities, Inc. (NYSE:SUI) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 881,810 shares of the real estate investment trust’s stock after acquiring an additional 4,768 shares during the period. Capital International Investors owned approximately 0.71% of Sun Communities worth $113,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Sun Communities by 17.8% during the first quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock valued at $1,554,000 after purchasing an additional 1,827 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Sun Communities by 21.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust’s stock worth $25,128,000 after buying an additional 33,981 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Sun Communities by 32.5% in the 1st quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 829 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Sun Communities in the 1st quarter worth about $362,000. Finally, Bank of Montreal Can raised its position in shares of Sun Communities by 22.3% during the 2nd quarter. Bank of Montreal Can now owns 35,398 shares of the real estate investment trust’s stock valued at $4,477,000 after buying an additional 6,447 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors.

Insider Activity at Sun Communities

In related news, Director Clunet R. Lewis sold 3,200 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary A. Shiffman sold 156,875 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 163,875 shares of company stock worth $20,331,287. Company insiders own 1.77% of the company’s stock.

Analyst Ratings Changes

SUI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, January 21st. Morgan Stanley decreased their price objective on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. UBS Group raised their price objective on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Citigroup lifted their target price on Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft raised Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, January 20th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $140.86.

Sun Communities Price Performance

SUI stock opened at $136.42 on Thursday. The stock has a market cap of $16.80 billion, a PE ratio of 12.70, a P/E/G ratio of 4.55 and a beta of 0.88. Sun Communities, Inc. has a 12 month low of $109.22 and a 12 month high of $137.85. The company has a 50-day moving average price of $128.88 and a 200 day moving average price of $127.03. The company has a current ratio of 4.43, a quick ratio of 4.43 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 for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 EPS. 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. Equities research analysts anticipate that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

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.