First Trust Advisors LP Has $39.47 Million Holdings in Sun Communities, Inc. $SUI

First Trust Advisors LP lifted its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 1,663.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 305,988 shares of the real estate investment trust’s stock after acquiring an additional 288,639 shares during the quarter. First Trust Advisors LP owned about 0.25% of Sun Communities worth $39,472,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its holdings in Sun Communities by 12.6% in the 3rd quarter. Barclays PLC now owns 190,062 shares of the real estate investment trust’s stock worth $24,518,000 after purchasing an additional 21,278 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Sun Communities by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,788,913 shares of the real estate investment trust’s stock valued at $230,770,000 after purchasing an additional 51,404 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Sun Communities by 4.9% in the third quarter. Cresset Asset Management LLC now owns 4,438 shares of the real estate investment trust’s stock valued at $577,000 after purchasing an additional 208 shares during the period. 111 Capital bought a new position in shares of Sun Communities in the third quarter valued at approximately $454,000. Finally, Elo Mutual Pension Insurance Co acquired a new stake in shares of Sun Communities in the third quarter worth $2,002,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on SUI shares. Wells Fargo & Company raised shares of Sun Communities from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $133.00 to $150.00 in a report on Friday, February 27th. Citigroup lifted their target price on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Robert W. Baird upped their price target on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, March 6th. UBS Group raised their price target on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Morgan Stanley dropped their price objective on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sun Communities currently has an average rating of “Hold” and a consensus price target of $140.86.

Sun Communities Price Performance

Shares of SUI stock opened at $134.99 on Friday. The stock’s fifty day simple moving average is $129.10 and its 200 day simple moving average is $127.08. Sun Communities, Inc. has a one year low of $109.22 and a one year high of $137.85. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 4.54 and a beta of 0.88. 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 (NYSE:SUI) last released 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 firm had revenue of $515.20 million during the quarter, compared to analyst estimates of $509.40 million. During the same period in the prior year, the company posted $1.41 earnings per share. The business’s revenue for the quarter 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. On average, analysts expect that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Transactions at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Clunet R. Lewis sold 3,200 shares of Sun Communities stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $136.15, for a total transaction of $435,680.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 163,875 shares of company stock valued at $20,331,287 in the last quarter. 1.77% of the stock is currently owned by corporate insiders.

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.