Waratah Capital Advisors Ltd. Sells 33,927 Shares of Sun Communities, Inc. $SUI

Waratah Capital Advisors Ltd. cut its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 26.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,028 shares of the real estate investment trust’s stock after selling 33,927 shares during the period. Waratah Capital Advisors Ltd. owned about 0.08% of Sun Communities worth $12,130,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SUI. Norges Bank bought a new stake in shares of Sun Communities during the second quarter worth $925,926,000. Dodge & Cox lifted its position in Sun Communities by 4.0% during the 2nd quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock worth $1,796,001,000 after buying an additional 550,940 shares in the last quarter. Vanguard Group Inc. grew its holdings in Sun Communities by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock worth $2,359,404,000 after acquiring an additional 249,501 shares during the last quarter. Lasalle Investment Management Securities LLC grew its holdings in Sun Communities by 27.6% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 746,432 shares of the real estate investment trust’s stock worth $94,416,000 after acquiring an additional 161,589 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Sun Communities by 4.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,775,910 shares of the real estate investment trust’s stock valued at $351,125,000 after acquiring an additional 128,334 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SUI shares. Royal Bank Of Canada lifted their price target on shares of Sun Communities from $142.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Tuesday, January 20th. UBS Group raised their price target on Sun Communities from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Robert W. Baird lifted their price objective on Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. Finally, Morgan Stanley cut their target price on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sun Communities presently has a consensus rating of “Hold” and a consensus target price of $137.46.

Insider Buying and Selling

In related news, Director Gary A. Shiffman sold 156,875 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.89% of the company’s stock.

Sun Communities Stock Up 0.2%

Shares of Sun Communities stock opened at $131.46 on Wednesday. The company has a market capitalization of $16.26 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 4.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick ratio of 6.01. The business has a 50-day moving average of $126.23 and a two-hundred day moving average of $126.30. Sun Communities, Inc. has a 1 year low of $109.22 and a 1 year high of $137.77.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. Sun Communities had a negative return on equity of 4.53% and a net margin of 42.58%.The business had revenue of $515.20 million during the quarter, compared to analyst estimates of $509.40 million. During the same period in the previous year, the firm earned $1.41 EPS. Sun Communities’s quarterly revenue 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 year.

Sun Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, December 31st were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Sun Communities’s payout ratio is currently 52.13%.

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.