Intech Investment Management LLC Sells 18,632 Shares of Sun Communities, Inc. $SUI

Intech Investment Management LLC cut its stake in Sun Communities, Inc. (NYSE:SUI) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,274 shares of the real estate investment trust’s stock after selling 18,632 shares during the quarter. Intech Investment Management LLC’s holdings in Sun Communities were worth $4,619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position 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 purchasing an additional 249,501 shares during the period. Handelsbanken Fonder AB grew its position in shares of Sun Communities by 31.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 43,298 shares of the real estate investment trust’s stock valued at $5,585,000 after purchasing an additional 10,382 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Sun Communities in the 3rd quarter valued at approximately $3,406,000. Land & Buildings Investment Management LLC grew its position in shares of Sun Communities by 21.2% in the 3rd quarter. Land & Buildings Investment Management LLC now owns 234,797 shares of the real estate investment trust’s stock valued at $30,289,000 after purchasing an additional 41,050 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Sun Communities by 9.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 110,415 shares of the real estate investment trust’s stock valued at $13,564,000 after purchasing an additional 9,268 shares during the period. 99.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sun Communities news, Director Clunet R. Lewis sold 3,800 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $136.01, for a total transaction of $516,838.00. Following the completion of the transaction, the director owned 16,817 shares of the company’s stock, valued at $2,287,280.17. This represents a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly 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 position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 30,750 shares of company stock valued at $3,907,731. Insiders own 1.58% of the company’s stock.

Sun Communities Trading Down 0.2%

NYSE:SUI opened at $123.47 on Monday. Sun Communities, Inc. has a twelve month low of $115.53 and a twelve month high of $137.85. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $127.02 and a two-hundred day moving average price of $127.56. The company has a market cap of $15.22 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 4.07 and a beta of 0.80.

Sun Communities (NYSE:SUI) last released its quarterly 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). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The firm had revenue of $500.50 million for the quarter, compared to analyst estimates of $472.40 million. During the same period last year, the company earned $1.26 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. 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 expect that Sun Communities, Inc. will post 6.92 EPS for the current fiscal year.

Sun Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $1.12 per share. This is an increase 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 yield of 3.6%. Sun Communities’s payout ratio is currently 40.69%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SUI. Colliers Securities upgraded Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Friday, May 22nd. Wells Fargo & Company decreased their price objective on Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research report on Friday. Royal Bank Of Canada boosted their price objective on Sun Communities from $148.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Robert W. Baird boosted their price objective on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Ten equities research 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 stock has an average rating of “Moderate Buy” and a consensus price target 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.