Gary Shiffman Sells 156,875 Shares of Sun Communities (NYSE:SUI) Stock

Sun Communities, Inc. (NYSE:SUI) Director Gary Shiffman sold 156,875 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total transaction of $19,378,768.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sun Communities Price Performance

Shares of SUI traded down $0.78 during trading hours on Thursday, hitting $123.36. The stock had a trading volume of 267,878 shares, compared to its average volume of 842,764. The company’s fifty day moving average is $125.17 and its two-hundred day moving average is $125.93. Sun Communities, Inc. has a 52 week low of $109.22 and a 52 week high of $137.77. The stock has a market capitalization of $15.26 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 4.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick ratio of 6.01.

Sun Communities (NYSE:SUI) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.10. Sun Communities had a negative return on equity of 4.53% and a net margin of 42.58%.The company had revenue of $697.20 million during the quarter, compared to analyst estimates of $713.32 million. During the same period last year, the company posted $2.34 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS. On average, analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, December 31st. Sun Communities’s dividend payout ratio (DPR) is currently 52.13%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SUI. Barclays boosted their target price on Sun Communities from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Robert W. Baird lifted their target price on Sun Communities from $134.00 to $136.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, October 8th. Truist Financial increased their price objective on Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, Royal Bank Of Canada raised their price target on Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $137.42.

Institutional Trading of Sun Communities

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Sun Communities by 8.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,131 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 84 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sun Communities by 9.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 84 shares during the period. Assetmark Inc. lifted its holdings in Sun Communities by 55.7% during the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 97 shares during the period. Smartleaf Asset Management LLC boosted its position in Sun Communities by 19.6% in the third quarter. Smartleaf Asset Management LLC now owns 665 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 109 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Sun Communities by 0.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 23,102 shares of the real estate investment trust’s stock valued at $2,922,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 99.59% of the company’s stock.

About Sun Communities

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.