Whittier Trust Co. Sells 37,266 Shares of Sun Communities, Inc. $SUI

Whittier Trust Co. decreased its holdings in Sun Communities, Inc. (NYSE:SUI) by 14.1% during the first quarter, HoldingsChannel.com reports. The firm owned 227,245 shares of the real estate investment trust’s stock after selling 37,266 shares during the quarter. Whittier Trust Co.’s holdings in Sun Communities were worth $29,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in Sun Communities by 1,226.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 184 shares during the period. Fulcrum Asset Management LLP purchased a new stake in Sun Communities in the 3rd quarter valued at about $27,000. Global X Japan Co. Ltd. purchased a new stake in Sun Communities in the 4th quarter valued at about $33,000. Wiser Advisor Group LLC bought a new position in Sun Communities in the 3rd quarter worth about $46,000. Finally, Prosperity Bancshares Inc bought a new position in Sun Communities in the 4th quarter worth about $48,000. 99.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SUI has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Evercore reaffirmed an “outperform” rating and set a $144.00 target price on shares of Sun Communities in a research report on Wednesday, April 29th. Zelman & Associates began coverage on Sun Communities in a report on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price for the company. Weiss Ratings downgraded Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Barclays cut their price target on Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. One analyst has 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $140.48.

Insider Transactions at Sun Communities

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total value 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. The trade was a 70.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary A. Shiffman sold 25,031 shares of Sun Communities 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 completion of the transaction, the director directly owned 857,761 shares in the company, valued at approximately $102,897,009.56. The trade was a 2.84% decrease in their position. The SEC filing for this sale provides additional information. 1.58% of the stock is owned by company insiders.

Sun Communities Stock Performance

Shares of SUI stock opened at $123.66 on Monday. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 4.07 and a beta of 0.79. Sun Communities, Inc. has a 52-week low of $115.53 and a 52-week high of $137.85. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $123.74 and its 200 day moving average is $126.79.

Sun Communities (NYSE:SUI) last posted its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 0.16% and a net margin of 62.29%.The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, sell-side analysts anticipate that Sun Communities, Inc. will post 6.93 EPS for the current fiscal year.

Sun Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 3.6%. Sun Communities’s dividend payout ratio (DPR) is presently 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.