Metis Global Partners LLC Has $2.71 Million Stake in Sun Communities, Inc. $SUI

Metis Global Partners LLC lifted its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 23.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,426 shares of the real estate investment trust’s stock after purchasing an additional 4,075 shares during the quarter. Metis Global Partners LLC’s holdings in Sun Communities were worth $2,710,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new stake in Sun Communities during the first quarter worth $29,000. Ransom Advisory Ltd acquired a new position in Sun Communities during the first quarter worth about $31,000. GKV Capital Management Co. Inc. bought a new position in shares of Sun Communities in the first quarter worth about $42,000. V Square Quantitative Management LLC acquired a new stake in shares of Sun Communities in the 2nd quarter valued at approximately $47,000. Finally, Avalon Trust Co bought a new stake in shares of Sun Communities during the 1st quarter valued at approximately $65,000. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Sun Communities Stock Performance

Shares of Sun Communities stock opened at $126.62 on Monday. Sun Communities, Inc. has a 1-year low of $109.22 and a 1-year high of $137.77. The company has a current ratio of 7.08, a quick ratio of 7.08 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $126.38 and a two-hundred day moving average price of $125.43. The company has a market cap of $15.66 billion, a P/E ratio of 15.87, a PEG ratio of 4.05 and a beta of 0.86.

Sun Communities (NYSE:SUI) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.10. The firm had revenue of $697.20 million during the quarter, compared to analysts’ expectations of $713.32 million. Sun Communities had a negative return on equity of 4.51% and a net margin of 42.58%.The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 earnings per share. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS. FY 2025 guidance at 6.590-6.670 EPS. As a group, analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Sun Communities’s dividend payout ratio is 52.13%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial increased their price objective on shares of Sun Communities from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Robert W. Baird increased their price target on Sun Communities from $126.00 to $134.00 and gave the company a “neutral” rating in a research note on Monday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on Sun Communities from $135.00 to $132.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada lifted their price target on Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $137.23.

Sun Communities Company Profile

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.