Sun Communities, Inc. $SUI Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Sun Communities, Inc. (NYSE:SUI) by 0.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,338,358 shares of the real estate investment trust’s stock after purchasing an additional 9,539 shares during the quarter. Geode Capital Management LLC’s holdings in Sun Communities were worth $288,937,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Sun Communities by 1.4% during the third quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock worth $2,359,404,000 after purchasing an additional 249,501 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Sun Communities during the third quarter worth $3,406,000. Handelsbanken Fonder AB lifted its position in shares of Sun Communities by 31.5% during the third quarter. Handelsbanken Fonder AB now owns 43,298 shares of the real estate investment trust’s stock worth $5,585,000 after purchasing an additional 10,382 shares in the last quarter. Land & Buildings Investment Management LLC lifted its position in shares of Sun Communities by 21.2% during the third quarter. Land & Buildings Investment Management LLC now owns 234,797 shares of the real estate investment trust’s stock worth $30,289,000 after purchasing an additional 41,050 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Sun Communities by 8.8% during the fourth quarter. Whittier Trust Co. now owns 264,511 shares of the real estate investment trust’s stock worth $32,495,000 after purchasing an additional 21,364 shares in the last quarter. 99.59% of the stock is owned by institutional investors and hedge funds.

Sun Communities Stock Down 2.5%

Shares of NYSE:SUI opened at $120.54 on Tuesday. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 4.07 and a beta of 0.80. Sun Communities, Inc. has a 1-year low of $115.53 and a 1-year high of $137.85. The company’s fifty day moving average is $126.81 and its two-hundred day moving average is $127.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39.

Sun Communities (NYSE:SUI) last issued 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 business had revenue of $500.50 million for the quarter, compared to analyst estimates of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company posted $1.26 earnings per share. 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 analysts anticipate that Sun Communities, Inc. will post 6.92 EPS for the current year.

Sun Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $1.12 dividend. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. Sun Communities’s dividend payout ratio is 40.69%.

Insider Transactions at Sun Communities

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the 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 sale, the executive vice president owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This trade represents a 70.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clunet R. Lewis sold 3,200 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 30,750 shares of company stock worth $3,907,731. Corporate insiders own 1.58% of the company’s stock.

Analysts Set New Price Targets

SUI has been the topic of a number of recent research reports. Citigroup boosted their target price on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings cut shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. 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. Barclays reduced their price objective on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Finally, Mizuho initiated coverage on shares of Sun Communities in a research note on Tuesday, March 31st. They set an “outperform” rating and a $143.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sun Communities has an average rating of “Moderate Buy” and an average target price of $141.27.

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.