Avanza Fonder AB Purchases Shares of 6,113 Sun Communities, Inc. $SUI

Avanza Fonder AB purchased a new position in Sun Communities, Inc. (NYSE:SUI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,113 shares of the real estate investment trust’s stock, valued at approximately $757,000.

A number of other hedge funds have also recently modified their holdings of SUI. Vanguard Group Inc. grew its stake in shares of Sun Communities by 1.4% in the third 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 during the last quarter. Dodge & Cox increased its holdings in Sun Communities by 2.0% during the 3rd quarter. Dodge & Cox now owns 14,480,815 shares of the real estate investment trust’s stock valued at $1,868,025,000 after purchasing an additional 282,055 shares during the period. Norges Bank bought a new position in Sun Communities during the 2nd quarter valued at approximately $925,926,000. State Street Corp raised its position in Sun Communities by 4.2% during the 3rd quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock valued at $699,862,000 after purchasing an additional 214,634 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Sun Communities by 1,224.1% in 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 buying an additional 4,147,015 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, January 21st. Robert W. Baird raised their price target on Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Wells Fargo & Company upgraded shares of Sun Communities from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $133.00 to $150.00 in a report on Friday, February 27th. Zelman & Associates assumed coverage on shares of Sun Communities in a research report on Monday, March 16th. They set an “outperform” rating and a $127.75 price objective on the stock. Finally, Truist Financial upped their price objective on shares of Sun Communities from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Nine 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.98.

Sun Communities Stock Down 0.8%

SUI stock opened at $127.78 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 has a market capitalization of $15.74 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88. The business’s 50 day moving average price is $130.47 and its two-hundred day moving average price is $127.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.43 and a current ratio of 4.43.

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, beating analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $515.20 million during the quarter, compared to analysts’ expectations of $509.40 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter 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, 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 announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $1.12 per share. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, March 31st. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.5%. Sun Communities’s dividend payout ratio (DPR) is presently 38.73%.

Insider Buying and Selling at Sun Communities

In related news, Director Clunet R. Lewis sold 3,200 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $136.15, for a total value of $435,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.77% of the stock is 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.