Sun Communities, Inc. $SUI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Sun Communities, Inc. (NYSE:SUI) by 49.1% during the third quarter, HoldingsChannel.com reports. The fund owned 442,090 shares of the real estate investment trust’s stock after selling 425,949 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Sun Communities were worth $57,030,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SUI. GAMMA Investing LLC boosted its position in shares of Sun Communities by 8.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,131 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 84 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Sun Communities by 9.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 84 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Sun Communities by 0.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 23,102 shares of the real estate investment trust’s stock worth $2,922,000 after buying an additional 113 shares during the period. Orion Porfolio Solutions LLC increased its position in shares of Sun Communities by 1.3% in the second quarter. Orion Porfolio Solutions LLC now owns 9,335 shares of the real estate investment trust’s stock worth $1,181,000 after acquiring an additional 117 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sun Communities by 26.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 673 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 141 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Clunet R. Lewis sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $126.24, for a total value of $504,960.00. Following the completion of the transaction, the director directly owned 26,000 shares in the company, valued at $3,282,240. The trade was a 13.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.77% of the company’s stock.

Sun Communities Price Performance

Shares of SUI opened at $127.40 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 6.01 and a current ratio of 6.01. The firm has a market cap of $15.76 billion, a PE ratio of 15.96, a PEG ratio of 4.18 and a beta of 0.90. The firm’s 50 day moving average price is $125.31 and its 200 day moving average price is $125.71. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.77.

Sun Communities (NYSE:SUI) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping the consensus estimate of $2.18 by $0.10. The company had revenue of $697.20 million for the quarter, compared to analyst estimates of $713.32 million. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. Sun Communities’s quarterly revenue 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. As a group, research analysts expect that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st will be given a $1.04 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.3%. Sun Communities’s payout ratio is currently 52.13%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SUI shares. Truist Financial lifted their price objective on shares of Sun Communities from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Morgan Stanley dropped their target price on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Wells Fargo & Company increased their target price on shares of Sun Communities from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Finally, Jefferies Financial Group set a $142.00 price target on shares of Sun Communities and gave the company a “buy” rating in a report on Monday, November 3rd. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $136.69.

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.