Wealthfront Advisers LLC Trims Stake in Sun Communities, Inc. $SUI

Wealthfront Advisers LLC lessened its position in Sun Communities, Inc. (NYSE:SUI) by 55.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 12,065 shares of the real estate investment trust’s stock after selling 15,068 shares during the period. Wealthfront Advisers LLC’s holdings in Sun Communities were worth $1,520,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Sun Communities by 1,226.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in shares of Sun Communities during the third quarter valued at approximately $27,000. Global X Japan Co. Ltd. purchased a new position in shares of Sun Communities during the fourth quarter valued at approximately $33,000. Wiser Advisor Group LLC bought a new position in shares of Sun Communities during the third quarter valued at approximately $46,000. Finally, Prosperity Bancshares Inc bought a new position in shares of Sun Communities during the fourth quarter valued at approximately $48,000. 99.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sun Communities

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the sale, the executive vice president directly owned 9,998 shares in the company, valued at $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the sale, the director directly owned 857,761 shares of the company’s stock, valued at approximately $102,897,009.56. This trade represents a 2.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SUI. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Sun Communities in a report on Thursday, May 14th. Mizuho cut their price objective on Sun Communities from $143.00 to $137.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Evercore reiterated an “outperform” rating and issued a $144.00 target price on shares of Sun Communities in a research note on Wednesday, April 29th. Wells Fargo & Company decreased their target price on Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, Royal Bank Of Canada lowered their target price on shares of Sun Communities from $151.00 to $149.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Sun Communities has a consensus rating of “Moderate Buy” and a consensus price target of $140.05.

Sun Communities Stock Performance

Shares of NYSE:SUI opened at $120.29 on Tuesday. The firm has a market cap of $14.82 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 4.01 and a beta of 0.79. The firm’s 50 day simple moving average is $122.25 and its 200-day simple moving average is $126.52. Sun Communities, Inc. has a one year low of $115.53 and a one 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 announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). The firm had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. 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. As a group, equities analysts predict that Sun Communities, Inc. will post 6.9 EPS for the current year.

Sun Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. Sun Communities’s payout ratio is 40.69%.

About Sun Communities

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.