Sun Communities, Inc. $SUI Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 49.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,093 shares of the real estate investment trust’s stock after selling 10,831 shares during the period. Voya Investment Management LLC’s holdings in Sun Communities were worth $1,431,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Tree Management LP purchased a new position in shares of Sun Communities during the first quarter worth $29,000. Focus Partners Advisor Solutions LLC lifted its stake in Sun Communities by 22.2% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 13,995 shares of the real estate investment trust’s stock worth $1,800,000 after acquiring an additional 2,540 shares in the last quarter. Amundi boosted its holdings in Sun Communities by 9.2% during the 1st quarter. Amundi now owns 171,018 shares of the real estate investment trust’s stock valued at $22,244,000 after acquiring an additional 14,415 shares during the period. Advisors Asset Management Inc. grew its position in Sun Communities by 39.1% in the 1st quarter. Advisors Asset Management Inc. now owns 20,672 shares of the real estate investment trust’s stock valued at $2,659,000 after acquiring an additional 5,814 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Sun Communities by 17.8% during the first quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock worth $1,554,000 after purchasing an additional 1,827 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Stock Up 0.5%

SUI stock opened at $124.89 on Tuesday. The stock has a market cap of $15.45 billion, a P/E ratio of 15.65, a PEG ratio of 4.31 and a beta of 0.92. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.58. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.77. The company’s 50 day moving average is $125.22 and its two-hundred day moving average is $125.87.

Sun Communities (NYSE:SUI) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.10. The business had revenue of $697.20 million during the quarter, compared to analysts’ expectations of $713.32 million. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.34 EPS. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS. Research analysts expect that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $4.16 annualized dividend and a dividend yield of 3.3%. Sun Communities’s dividend payout ratio (DPR) is presently 52.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, October 8th. Jefferies Financial Group set a $142.00 price objective on Sun Communities and gave the stock a “buy” rating in a research report on Monday, November 3rd. Wells Fargo & Company boosted their target price on Sun Communities from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Truist Financial lifted their price objective on Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, Wall Street Zen raised shares of Sun Communities from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $137.42.

Insider Transactions at Sun Communities

In other news, Director Clunet R. Lewis sold 4,000 shares of Sun Communities stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $126.24, for a total transaction of $504,960.00. Following the sale, the director owned 26,000 shares in the company, valued at approximately $3,282,240. The trade was a 13.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary A. Shiffman sold 156,875 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The disclosure for this sale is available in the SEC filing. 1.89% of the stock is currently owned by insiders.

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.