OP Asset Management Ltd Buys Shares of 12,809 Sun Communities, Inc. $SUI

OP Asset Management Ltd purchased a new stake in shares of Sun Communities, Inc. (NYSE:SUI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,809 shares of the real estate investment trust’s stock, valued at approximately $1,613,000.

A number of other hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Sun Communities by 1,226.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 184 shares in the last quarter. Fulcrum Asset Management LLP purchased a new position in Sun Communities in the third quarter valued at about $27,000. Aster Capital Management DIFC Ltd purchased a new position in Sun Communities in the third quarter valued at about $27,000. Global X Japan Co. Ltd. acquired a new position in Sun Communities in the 4th quarter worth about $33,000. Finally, Wiser Advisor Group LLC acquired a new position in Sun Communities in the 3rd quarter worth about $46,000. 99.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SUI shares. Wells Fargo & Company reduced their price target on Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Mizuho assumed coverage on Sun Communities in a report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 price objective on the stock. Royal Bank Of Canada reduced their target price on shares of Sun Communities from $151.00 to $149.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. Citigroup boosted their target price on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Zelman & Associates started coverage on shares of Sun Communities in a research note on Monday, March 16th. They set an “outperform” rating and a $127.75 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.91.

Insider Activity at Sun Communities

In other Sun Communities news, Director Gary A. Shiffman sold 25,031 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the transaction, the director owned 857,761 shares in the company, valued at $102,897,009.56. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the completion of the transaction, the executive vice president directly owned 9,998 shares in the company, valued at approximately $1,244,051.14. This represents a 70.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.58% of the company’s stock.

Sun Communities Price Performance

NYSE SUI opened at $121.28 on Monday. Sun Communities, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $137.85. The stock’s 50-day moving average is $124.47 and its two-hundred day moving average is $126.82. The firm has a market cap of $14.95 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 3.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39.

Sun Communities (NYSE:SUI) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($1.38). The company had revenue of $500.50 million for the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 EPS. 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. On average, analysts anticipate that Sun Communities, Inc. will post 6.94 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. Sun Communities’s dividend payout ratio is presently 40.69%.

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.