Sun Communities, Inc. $SUI Stake Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in shares of Sun Communities, Inc. (NYSE:SUI) by 18.3% in the third quarter, HoldingsChannel.com reports. The firm owned 72,050 shares of the real estate investment trust’s stock after purchasing an additional 11,154 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sun Communities were worth $7,980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SUI. BlackRock Inc. bought a new position in Sun Communities during the 2nd quarter worth approximately $1,649,715,000. Canada Pension Plan Investment Board acquired a new position in shares of Sun Communities in the 2nd quarter worth approximately $156,841,000. Legal & General Group Plc acquired a new position in shares of Sun Communities in the 2nd quarter worth approximately $122,737,000. Deutsche Bank AG bought a new stake in shares of Sun Communities in the 2nd quarter valued at $108,430,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sun Communities in the 2nd quarter valued at $82,662,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Trading Up 1.4%

NYSE SUI opened at $115.81 on Friday. The stock has a market capitalization of $14.11 billion, a P/E ratio of 16.51, a P/E/G ratio of 4.90 and a beta of 0.76. The business has a 50 day simple moving average of $117.04 and a 200 day simple moving average of $121.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.52 and a quick ratio of 2.52. Sun Communities, Inc. has a one year low of $109.77 and a one year high of $137.85.

Sun Communities (NYSE:SUI) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.08. Sun Communities had a positive return on equity of 2.63% and a negative net margin of 39.03%. The business had revenue of $484.60 million during the quarter, compared to the consensus estimate of $623.40 million. During the same period in the previous year, the company posted $1.76 earnings per share. Sun Communities has set its FY 2026 guidance at 6.940-7.100 EPS and its Q3 2026 guidance at 2.230-2.330 EPS. Research analysts expect that Sun Communities, Inc. will post 7.00 earnings per share for the current year.

Sun Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.48 annualized dividend and a dividend yield of 3.9%. Sun Communities’s dividend payout ratio (DPR) is -63.19%.

Analyst Upgrades and Downgrades

SUI has been the subject of several recent analyst reports. Weiss Ratings cut shares of Sun Communities from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Jefferies Financial Group raised shares of Sun Communities to a “strong-buy” rating in a research note on Wednesday, July 22nd. UBS Group dropped their target price on shares of Sun Communities from $133.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, October 6th. Odeon Capital Group set a $135.00 price target on shares of Sun Communities in a research report on Thursday, July 9th. Finally, Barclays cut their price target on shares of Sun Communities from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.36.

Sun Communities Company Profile

Sun Communities, Inc is a real estate investment trust that owns, operates and develops residential communities and recreational properties. Its portfolio primarily includes manufactured housing communities, recreational vehicle resorts and marinas.

The company provides housing and leisure-oriented accommodations through communities offering manufactured homes, seasonal and long-term RV sites, and related amenities. Its marina operations include wet slips, dry storage and other services for boat owners.

Founded in 1975, Sun Communities serves residents, vacationers and boaters across the United States, with additional operations in the United Kingdom.