Dimensional Fund Advisors LP Acquires 51,404 Shares of Sun Communities, Inc. $SUI

Dimensional Fund Advisors LP grew its holdings in Sun Communities, Inc. (NYSE:SUI) by 3.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,788,913 shares of the real estate investment trust’s stock after acquiring an additional 51,404 shares during the period. Dimensional Fund Advisors LP’s holdings in Sun Communities were worth $230,770,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SUI. Aster Capital Management DIFC Ltd purchased a new position in shares of Sun Communities in the 3rd quarter worth approximately $27,000. Elevation Point Wealth Partners LLC bought a new position in shares of Sun Communities during the 2nd quarter valued at approximately $30,000. MAI Capital Management raised its holdings in Sun Communities by 164.4% during the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 166 shares during the period. Assetmark Inc. raised its holdings in Sun Communities by 55.7% during the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 97 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in Sun Communities in the third quarter worth $37,000. 99.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Clunet R. Lewis sold 3,800 shares of Sun Communities stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $136.01, for a total value of $516,838.00. Following the completion of the transaction, the director owned 16,817 shares in the company, valued at $2,287,280.17. This trade represents a 18.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 163,875 shares of company stock valued at $20,331,287. Corporate insiders own 1.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SUI has been the subject of several recent analyst reports. Citigroup lifted their price objective on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, January 21st. Barclays lifted their price target on shares of Sun Communities from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial upped their price target on shares of Sun Communities from $141.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley reduced their price objective on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $140.86.

Sun Communities Trading Up 0.2%

NYSE:SUI opened at $136.97 on Friday. The firm has a 50-day simple moving average of $128.20 and a 200-day simple moving average of $126.83. Sun Communities, Inc. has a one year low of $109.22 and a one year high of $137.85. The firm has a market cap of $16.87 billion, a P/E ratio of 12.75, a P/E/G ratio of 4.55 and a beta of 0.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.43 and a current ratio of 4.43.

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. The company had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. Sun Communities’s revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. 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. Equities analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were issued a $1.04 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.0%. Sun Communities’s dividend payout ratio (DPR) is currently 38.73%.

Sun Communities 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.