Anson Funds Management LP Grows Stock Holdings in Sun Communities, Inc. $SUI

Anson Funds Management LP boosted its holdings in Sun Communities, Inc. (NYSE:SUI) by 67.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 36,920 shares of the real estate investment trust’s stock after buying an additional 14,930 shares during the period. Sun Communities accounts for approximately 0.7% of Anson Funds Management LP’s holdings, making the stock its 28th biggest position. Anson Funds Management LP’s holdings in Sun Communities were worth $4,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cascade Investment Advisors Inc. increased its holdings in shares of Sun Communities by 1.0% in the 1st quarter. Cascade Investment Advisors Inc. now owns 10,473 shares of the real estate investment trust’s stock worth $1,347,000 after buying an additional 100 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Sun Communities by 0.4% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,108 shares of the real estate investment trust’s stock worth $3,487,000 after acquiring an additional 100 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Sun Communities by 4.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,504 shares of the real estate investment trust’s stock worth $322,000 after acquiring an additional 102 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Sun Communities by 11.6% in the 1st quarter. Bessemer Group Inc. now owns 1,153 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 120 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Sun Communities by 3.7% in the 4th quarter. Captrust Financial Advisors now owns 3,627 shares of the real estate investment trust’s stock worth $446,000 after acquiring an additional 128 shares during the last quarter. 99.59% of the stock is owned by institutional investors.

Sun Communities Stock Performance

SUI stock opened at $128.48 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.08 and a quick ratio of 7.08. The business has a 50-day moving average price of $125.72 and a 200 day moving average price of $125.90. The company has a market capitalization of $16.08 billion, a P/E ratio of 12.57, a PEG ratio of 6.72 and a beta of 0.86. Sun Communities, Inc. has a 1-year low of $109.22 and a 1-year high of $147.83.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. The firm had revenue of $623.50 million during the quarter, compared to the consensus estimate of $614.79 million. Sun Communities had a negative return on equity of 0.60% and a net margin of 48.86%.During the same period in the previous year, the company posted $1.86 earnings per share. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. As a group, equities research analysts forecast that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Sun Communities’s payout ratio is 40.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SUI shares. Wells Fargo & Company lowered their target price on shares of Sun Communities from $135.00 to $132.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Morgan Stanley set a $142.00 target price on shares of Sun Communities in a report on Thursday, September 4th. Colliers Securities started coverage on shares of Sun Communities in a report on Friday, June 13th. They issued a “neutral” rating and a $130.00 target price for the company. Royal Bank Of Canada lowered their target price on shares of Sun Communities from $147.00 to $143.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $138.71.

About Sun Communities

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.