ArrowMark Colorado Holdings LLC Boosts Holdings in Sun Communities, Inc. $SUI

ArrowMark Colorado Holdings LLC raised its position in Sun Communities, Inc. (NYSE:SUI) by 36.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 91,600 shares of the real estate investment trust’s stock after buying an additional 24,312 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.07% of Sun Communities worth $11,816,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Sun Communities during the second quarter worth about $925,926,000. Wellington Management Group LLP increased its position in Sun Communities by 1,224.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock worth $578,668,000 after purchasing an additional 4,147,015 shares during the period. Dodge & Cox increased its position in Sun Communities by 4.0% during the 2nd quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock worth $1,796,001,000 after purchasing an additional 550,940 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Sun Communities during the 3rd quarter worth approximately $39,200,000. Finally, First Trust Advisors LP raised its stake in shares of Sun Communities by 1,663.7% during the 3rd quarter. First Trust Advisors LP now owns 305,988 shares of the real estate investment trust’s stock worth $39,472,000 after buying an additional 288,639 shares in the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Price Performance

Shares of NYSE:SUI opened at $134.44 on Monday. The firm has a market capitalization of $16.56 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 4.49 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.43 and a quick ratio of 4.43. The business’s 50 day simple moving average is $129.35 and its 200-day simple moving average is $127.16. Sun Communities, Inc. has a 12 month low of $109.22 and a 12 month high of $137.85.

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 for the quarter, beating the consensus estimate of $1.37 by $0.03. The firm had revenue of $515.20 million during the quarter, compared to the consensus estimate of $509.40 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.Sun Communities’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business 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. As a group, equities analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $1.12 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $4.48 annualized dividend and a dividend yield of 3.3%. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s payout ratio is presently 38.73%.

Insider Activity

In other Sun Communities news, Director Gary A. Shiffman sold 156,875 shares of Sun Communities 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 this hyperlink. Also, Director Clunet R. Lewis sold 3,200 shares of the company’s 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 SEC filing for this sale provides additional information. Insiders sold a total of 163,875 shares of company stock worth $20,331,287 over the last quarter. Insiders own 1.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SUI shares. Barclays lifted their price target on Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, January 21st. Citigroup upped their price target on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Morgan Stanley cut their price target 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. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sun Communities presently has a consensus rating of “Hold” and a consensus target price of $140.86.

Sun Communities Company 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.