Sun Communities (NYSE:SUI) Director Gary Shiffman Sells 25,031 Shares of Stock

Sun Communities, Inc. (NYSE:SUI) Director Gary Shiffman sold 25,031 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the sale, the director directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. The trade was a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sun Communities Price Performance

Shares of Sun Communities stock opened at $118.46 on Friday. The company’s fifty day simple moving average is $124.62 and its two-hundred day simple moving average is $126.85. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85. The firm has a market cap of $14.60 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 3.94 and a beta of 0.79. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the consensus estimate of $1.31 by ($1.38). The firm had revenue of $500.50 million for the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $1.26 earnings per share. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. As a group, equities analysts expect that Sun Communities, Inc. will post 6.94 EPS for the current year.

Sun Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $1.12 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.48 annualized dividend and a yield of 3.8%. Sun Communities’s dividend payout ratio (DPR) is 40.69%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Colliers Securities raised Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Friday, May 22nd. Truist Financial dropped their price target on Sun Communities from $147.00 to $141.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Sun Communities in a report on Thursday, May 14th. Evercore restated an “outperform” rating and issued a $144.00 price objective on shares of Sun Communities in a report on Wednesday, April 29th. Finally, Wells Fargo & Company dropped their target price on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sun Communities currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SUI. AQR Capital Management LLC lifted its stake 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. grew its stake in Sun Communities by 21.1% in 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 raised its holdings in Sun Communities by 32.5% in the first quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 829 shares in the last quarter. Acadian Asset Management LLC bought a new position in Sun Communities in the first quarter worth $362,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in 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 buying an additional 141 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

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.