Cohen & Steers Inc. Cuts Stake in Sun Communities, Inc. $SUI

Cohen & Steers Inc. decreased its holdings in Sun Communities, Inc. (NYSE:SUI) by 8.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,059,770 shares of the real estate investment trust’s stock after selling 919,346 shares during the period. Sun Communities makes up about 2.3% of Cohen & Steers Inc.’s holdings, making the stock its 12th biggest holding. Cohen & Steers Inc. owned approximately 0.08% of Sun Communities worth $1,246,603,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake 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 in the last quarter. Dodge & Cox boosted its stake 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 purchasing an additional 282,055 shares in the last quarter. Norges Bank purchased a new stake in shares of Sun Communities in the 4th quarter valued at $753,364,000. State Street Corp boosted its stake 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 purchasing an additional 214,634 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake 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 purchasing an additional 4,147,015 shares in the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Insiders Place Their Bets

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the stock in a transaction on Tuesday, May 26th. The shares were 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 of the company’s stock, valued at $1,244,051.14. This represents a 70.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.58% of the stock is owned by insiders.

Sun Communities Trading Up 0.8%

Shares of SUI opened at $126.80 on Friday. The stock has a market capitalization of $15.63 billion, a P/E ratio of 11.52, a PEG ratio of 4.14 and a beta of 0.79. 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 firm has a fifty day simple moving average of $126.14 and a two-hundred day simple moving average of $127.35. Sun Communities, Inc. has a twelve month low of $115.53 and a twelve month high of $137.85.

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 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 analysts’ expectations of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company 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. On average, research analysts anticipate that Sun Communities, Inc. will post 6.94 EPS for the current year.

Sun Communities Dividend Announcement

The company 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 3.5%. Sun Communities’s dividend payout ratio is presently 40.69%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SUI shares. Colliers Securities raised shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Friday, May 22nd. Evercore reaffirmed an “outperform” rating and issued a $144.00 price objective on shares of Sun Communities in a research note on Wednesday, April 29th. Weiss Ratings cut shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Royal Bank Of Canada cut their price objective 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. Finally, Wells Fargo & Company cut their price objective on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sun Communities presently has an average rating of “Moderate Buy” and a consensus target price of $141.13.

Sun Communities Company 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.