Sun Communities, Inc. $SUI Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp reduced its holdings in Sun Communities, Inc. (NYSE:SUI) by 59.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,468 shares of the real estate investment trust’s stock after selling 9,593 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Sun Communities were worth $802,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Sun Communities by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock valued at $2,359,404,000 after buying an additional 249,501 shares during the period. Dodge & Cox lifted its holdings in shares of Sun Communities by 2.0% in the 3rd quarter. Dodge & Cox now owns 14,480,815 shares of the real estate investment trust’s stock valued at $1,868,025,000 after buying an additional 282,055 shares during the period. Norges Bank acquired a new stake in shares of Sun Communities in the 4th quarter valued at approximately $753,364,000. State Street Corp lifted its holdings in shares of Sun Communities by 4.2% in the 3rd quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock valued at $699,862,000 after buying an additional 214,634 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Sun Communities by 1,224.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock valued at $578,668,000 after buying an additional 4,147,015 shares during the period. 99.59% of the stock is owned by institutional investors and hedge funds.

Sun Communities Stock Performance

Shares of SUI stock opened at $120.60 on Thursday. The stock has a fifty day moving average price of $126.46 and a 200 day moving average price of $127.43. The stock has a market cap of $14.86 billion, a PE ratio of 10.95, a P/E/G ratio of 3.98 and a beta of 0.79. Sun Communities, Inc. has a 1 year low of $115.53 and a 1 year high of $137.85. 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 quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($1.38). The firm 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 business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm 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. Sell-side analysts forecast that Sun Communities, Inc. will post 6.94 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.48 annualized dividend and a yield of 3.7%. Sun Communities’s dividend payout ratio (DPR) is presently 40.69%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SUI. Weiss Ratings cut Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Barclays reduced their price objective on Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Wells Fargo & Company reduced their price objective on Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Truist Financial reduced their price objective on Sun Communities from $147.00 to $141.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, Evercore reaffirmed an “outperform” rating and set a $144.00 price objective on shares of Sun Communities in a report on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.27.

Insiders Place Their Bets

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the completion of the transaction, the executive vice president owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.58% of the company’s stock.

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.