Baillie Gifford & Co. Reduces Holdings in Sun Communities, Inc. $SUI

Baillie Gifford & Co. decreased its position in shares of Sun Communities, Inc. (NYSE:SUI) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,273 shares of the real estate investment trust’s stock after selling 5,937 shares during the quarter. Baillie Gifford & Co.’s holdings in Sun Communities were worth $5,238,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC boosted its stake in shares of Sun Communities by 3.8% during the fourth quarter. CoreCap Advisors LLC now owns 2,228 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 82 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sun Communities by 9.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 84 shares during the period. Assetmark Inc. boosted its stake in shares of Sun Communities by 55.7% during 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 period. Smartleaf Asset Management LLC boosted its stake in shares of Sun Communities by 19.6% during the third quarter. Smartleaf Asset Management LLC now owns 665 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 109 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of Sun Communities by 1.3% during the second quarter. Orion Porfolio Solutions LLC now owns 9,335 shares of the real estate investment trust’s stock worth $1,181,000 after buying an additional 117 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Insider Activity

In other news, Director Clunet R. Lewis sold 3,200 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $136.15, for a total transaction of $435,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on SUI shares. Robert W. Baird boosted their price objective on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Weiss Ratings raised shares of Sun Communities from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Citigroup raised their price objective on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Mizuho assumed coverage on Sun Communities in a research report on Tuesday, March 31st. They set an “outperform” rating and a $143.00 target price on the stock. Finally, Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $133.00 to $150.00 in a research report on Friday, February 27th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $140.17.

Sun Communities Trading Up 0.3%

Shares of Sun Communities stock opened at $129.92 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.43 and a quick ratio of 4.43. Sun Communities, Inc. has a 1 year low of $115.53 and a 1 year high of $137.85. The company has a market capitalization of $16.01 billion, a P/E ratio of 12.10, a P/E/G ratio of 4.43 and a beta of 0.90. The business has a 50 day moving average price of $130.82 and a 200 day moving average price of $127.30.

Sun Communities (NYSE:SUI) last released its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, topping 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 firm had revenue of $515.20 million during the quarter, compared to analysts’ expectations of $509.40 million. During the same period in the previous year, the company earned $1.41 EPS. Sun Communities’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. Sell-side analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.48 annualized dividend and a dividend yield of 3.4%. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s dividend payout ratio is presently 41.71%.

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.