Tacita Capital Inc Has $1.73 Million Stock Position in Sun Communities, Inc. $SUI

Tacita Capital Inc boosted its holdings in Sun Communities, Inc. (NYSE:SUI) by 60.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,962 shares of the real estate investment trust’s stock after purchasing an additional 5,254 shares during the quarter. Tacita Capital Inc’s holdings in Sun Communities were worth $1,730,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Havemeyer Place LP bought a new stake in Sun Communities in the fourth quarter worth approximately $514,000. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in Sun Communities in the fourth quarter worth approximately $4,016,000. Parallel Advisors LLC increased its holdings in Sun Communities by 22.3% in the fourth quarter. Parallel Advisors LLC now owns 718 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 131 shares in the last quarter. TD Asset Management Inc increased its holdings in Sun Communities by 1.0% in the fourth quarter. TD Asset Management Inc now owns 63,984 shares of the real estate investment trust’s stock worth $7,928,000 after purchasing an additional 634 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its holdings in Sun Communities by 1.6% in the fourth quarter. Anchor Capital Advisors LLC now owns 36,803 shares of the real estate investment trust’s stock worth $4,560,000 after purchasing an additional 566 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors.

Insider Activity at Sun Communities

In other news, EVP Fernando Castro-Caratini sold 23,750 shares of the business’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 transaction of $2,955,212.50. Following the completion of the sale, the executive vice president 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 this hyperlink. 1.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SUI. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Sun Communities in a report on Thursday, May 14th. Barclays lowered their target price on Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Mizuho began coverage on Sun Communities in a report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 target price for the company. Citigroup lifted their target price on Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Truist Financial decreased 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. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.13.

Sun Communities Trading Up 0.8%

NYSE SUI opened at $123.71 on Friday. The company has a market cap of $15.24 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 4.06 and a beta of 0.79. Sun Communities, Inc. has a 52 week low of $115.53 and a 52 week high of $137.85. The business has a 50 day moving average price of $126.27 and a 200-day moving average price of $127.38. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) 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 the consensus estimate of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 expect that Sun Communities, Inc. will post 6.94 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $1.12 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. Sun Communities’s payout ratio is currently 40.69%.

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.