Land & Buildings Investment Management LLC Acquires 41,050 Shares of Sun Communities, Inc. $SUI

Land & Buildings Investment Management LLC raised its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 21.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,797 shares of the real estate investment trust’s stock after acquiring an additional 41,050 shares during the period. Sun Communities makes up 5.6% of Land & Buildings Investment Management LLC’s holdings, making the stock its 10th largest position. Land & Buildings Investment Management LLC owned approximately 0.19% of Sun Communities worth $30,289,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SUI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sun Communities by 9.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 84 shares during the period. Assetmark Inc. increased its stake in Sun Communities by 55.7% during the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 97 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Sun Communities by 19.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 665 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 109 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Sun Communities by 0.5% during the 2nd 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 in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of Sun Communities by 1.3% in the 2nd 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 during the period. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Stock Performance

SUI opened at $134.94 on Tuesday. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. The firm has a market cap of $16.62 billion, a PE ratio of 12.56, a P/E/G ratio of 4.49 and a beta of 0.87. The business has a fifty day simple moving average of $129.63 and a 200-day simple moving average of $127.23. Sun Communities, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $137.85.

Sun Communities (NYSE:SUI) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The company had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. During the same period in the previous year, the firm earned $1.41 earnings per share. Sun Communities’s revenue for the quarter was up .1% compared to the same quarter last year. 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 predict that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Increases Dividend

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

Insider Transactions at Sun Communities

In other news, Director Clunet R. Lewis sold 3,200 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.15, for a total transaction of $435,680.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary A. Shiffman sold 156,875 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total transaction of $19,378,768.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 163,875 shares of company stock valued at $20,331,287 over the last ninety days. Insiders own 1.89% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on SUI. Barclays raised their price objective on shares of Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Citigroup increased their price target on Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, January 20th. Zelman & Associates started coverage on Sun Communities in a research note on Monday. They issued an “outperform” rating and a $127.75 price objective on the stock. Finally, Morgan Stanley cut their price objective on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Nine investment 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, Sun Communities presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.98.

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.