Sun Communities (NYSE:SUI) EVP Fernando Castro-Caratini Sells 23,750 Shares of Stock

Sun Communities, Inc. (NYSE:SUI) EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities 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 sale, the executive vice president directly owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This represents a 70.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Sun Communities Price Performance

SUI opened at $124.89 on Thursday. The company has a fifty day moving average price of $127.40 and a two-hundred day moving average price of $127.59. 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, Inc. has a 52 week low of $115.53 and a 52 week high of $137.85. The firm has a market capitalization of $15.39 billion, a PE ratio of 11.34, a P/E/G ratio of 4.11 and a beta of 0.82.

Sun Communities (NYSE:SUI) last released its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The business had revenue of $500.50 million for the quarter, compared to analyst estimates of $472.40 million. During the same period in the prior year, the firm posted $1.26 EPS. Sun Communities’s revenue was up 8.0% on a year-over-year basis. 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, analysts anticipate that Sun Communities, Inc. will post 6.92 earnings per share for the current year.

Sun Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. This is an increase from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date was Tuesday, March 31st. Sun Communities’s dividend payout ratio (DPR) is 40.69%.

Hedge Funds Weigh In On Sun Communities

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of Sun Communities by 9.4% during the 1st quarter. Bank of America Corp DE now owns 568,513 shares of the real estate investment trust’s stock valued at $71,610,000 after purchasing an additional 48,649 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Sun Communities by 12.2% during the 1st quarter. Arkadios Wealth Advisors now owns 8,619 shares of the real estate investment trust’s stock valued at $1,086,000 after purchasing an additional 936 shares in the last quarter. Amundi lifted its holdings in shares of Sun Communities by 19.7% during the 1st quarter. Amundi now owns 312,099 shares of the real estate investment trust’s stock valued at $39,312,000 after purchasing an additional 51,265 shares in the last quarter. Adelante Capital Management LLC bought a new position in shares of Sun Communities during the 1st quarter valued at about $4,150,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Sun Communities by 27.0% during the first quarter. EverSource Wealth Advisors LLC now owns 982 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 209 shares during the period. Institutional investors own 99.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SUI shares. Barclays reduced their target price on Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Weiss Ratings lowered shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Truist Financial cut their target price on shares of Sun Communities from $147.00 to $141.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Wells Fargo & Company upgraded shares of Sun Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $133.00 to $150.00 in a report on Friday, February 27th. Finally, Mizuho assumed coverage on shares of Sun Communities in a report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.84.

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.