SEB Asset Management AB Takes Position in Sun Communities, Inc. $SUI

SEB Asset Management AB bought a new position in Sun Communities, Inc. (NYSE:SUI) during the 1st quarter, Holdings Channel reports. The fund bought 45,123 shares of the real estate investment trust’s stock, valued at approximately $5,684,000.

A number of other hedge funds also recently made changes to their positions in SUI. Norges Bank purchased a new position in Sun Communities during the 4th quarter valued at approximately $753,364,000. State Street Corp raised its holdings in shares of Sun Communities by 4.2% during the 3rd quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock worth $699,862,000 after acquiring an additional 214,634 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Sun Communities by 12.4% during the 4th quarter. Wellington Management Group LLP now owns 5,039,870 shares of the real estate investment trust’s stock valued at $624,490,000 after acquiring an additional 554,075 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Sun Communities by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,338,358 shares of the real estate investment trust’s stock valued at $288,937,000 after acquiring an additional 9,539 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Sun Communities by 37,933.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock valued at $182,663,000 after purchasing an additional 1,470,286 shares in the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sun Communities

In other news, Director Gary A. Shiffman sold 25,031 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total value of $3,002,718.76. Following the completion of the sale, the director owned 857,761 shares in the company, valued at approximately $102,897,009.56. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the completion of the sale, the executive vice president owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This trade represents a 70.37% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SUI shares. Barclays reduced their price target on shares of Sun Communities from $147.00 to $146.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Jefferies Financial Group upgraded shares of Sun Communities to a “strong-buy” rating in a research report on Friday, June 26th. Royal Bank Of Canada dropped their price objective 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. Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Sun Communities in a report on Thursday, May 14th. Finally, Odeon Capital Group set a $135.00 target price on shares of Sun Communities in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.05.

Sun Communities Price Performance

Shares of Sun Communities stock opened at $119.73 on Thursday. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 3.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. The stock has a 50 day moving average price of $122.04 and a 200-day moving average price of $126.45. Sun Communities, Inc. has a one year low of $115.53 and a one year high of $137.85.

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 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 analysts’ expectations of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts expect that Sun Communities, Inc. will post 6.9 EPS for the current year.

Sun Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $1.12 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. Sun Communities’s dividend payout ratio is currently 40.69%.

Sun Communities Company 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.