Swedbank AB Sells 15,400 Shares of Sun Communities, Inc. $SUI

Swedbank AB decreased its stake in Sun Communities, Inc. (NYSE:SUI) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,713 shares of the real estate investment trust’s stock after selling 15,400 shares during the period. Swedbank AB’s holdings in Sun Communities were worth $17,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SUI. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Sun Communities by 1,226.7% in 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 during the period. Fulcrum Asset Management LLP acquired a new stake in Sun Communities during the 3rd quarter valued at approximately $27,000. Global X Japan Co. Ltd. acquired a new stake in Sun Communities during the 4th quarter valued at approximately $33,000. Wiser Advisor Group LLC bought a new position in Sun Communities during the 3rd quarter worth approximately $46,000. Finally, Prosperity Bancshares Inc bought a new position in Sun Communities during the 4th quarter worth approximately $48,000. 99.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SUI shares. Wells Fargo & Company reduced their price objective on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Royal Bank Of Canada lowered 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. Odeon Capital Group set a $135.00 target price on shares of Sun Communities in a report on Thursday. Zelman & Associates began coverage on shares of Sun Communities in a research report on Monday, March 16th. They set an “outperform” rating and a $127.75 price target on the stock. Finally, Truist Financial decreased their price target on Sun Communities from $141.00 to $138.00 and set a “buy” rating for the company in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.12.

Insider Activity at Sun Communities

In other news, Director Gary A. Shiffman sold 25,031 shares of the company’s 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 directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the transaction, the executive vice president directly owned 9,998 shares in the company, valued at $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.58% of the company’s stock.

Sun Communities Price Performance

SUI stock opened at $118.71 on Friday. The stock has a market capitalization of $14.63 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 3.94 and a beta of 0.79. The company’s 50-day moving average is $123.07 and its 200-day moving average is $126.71. 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, Inc. has a 1 year low of $115.53 and a 1 year high of $137.85.

Sun Communities (NYSE:SUI) last issued its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The firm had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. During the same period in the previous year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. 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 research analysts expect that Sun Communities, Inc. will post 6.9 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Sun Communities’s dividend payout ratio (DPR) is 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.