E. Ohman J or Asset Management AB Purchases New Stake in Sun Communities, Inc. $SUI

E. Ohman J or Asset Management AB acquired a new position in Sun Communities, Inc. (NYSE:SUI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,277 shares of the real estate investment trust’s stock, valued at approximately $530,000.

A number of other institutional investors have also recently bought and sold shares of SUI. AQR Capital Management LLC increased its holdings in shares of Sun Communities by 17.8% in the 1st 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 during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Sun Communities by 21.1% during the first quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust’s stock worth $25,128,000 after purchasing an additional 33,981 shares during the period. Empowered Funds LLC grew its position in Sun Communities by 32.5% during the first quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock valued at $434,000 after purchasing an additional 829 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Sun Communities during the first quarter valued at approximately $362,000. Finally, MAI Capital Management increased its stake in Sun Communities by 164.4% in the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 166 shares during the period. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Sun Communities from $141.00 to $147.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, January 21st. Wells Fargo & Company raised shares of Sun Communities from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $133.00 to $150.00 in a research note on Friday, February 27th. 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 report on Tuesday, January 20th. Finally, Citigroup boosted their target price on Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.98.

Sun Communities Stock Performance

Shares of SUI opened at $127.82 on Friday. The company has a market capitalization of $15.75 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 4.36 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, Inc. has a one year low of $109.22 and a one year high of $137.85. The company’s fifty day moving average price is $130.48 and its 200 day moving average price is $127.40.

Sun Communities (NYSE:SUI) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share (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 net margin of 61.86% and a negative return on equity of 0.04%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 earnings per share. 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 expect that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s dividend payout ratio is currently 41.71%.

Insider Transactions at Sun Communities

In other Sun Communities news, Director Clunet R. Lewis sold 3,200 shares of Sun Communities stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total value of $435,680.00. The sale was disclosed in a filing with the SEC, which is available through this link. 1.77% of the stock is owned by company insiders.

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.