Fjarde AP Fonden Fourth Swedish National Pension Fund Has $10.37 Million Stake in Sun Communities, Inc. $SUI

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 154.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 82,358 shares of the real estate investment trust’s stock after acquiring an additional 49,950 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sun Communities were worth $10,374,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SUI. Norges Bank acquired a new stake in shares of Sun Communities in the 4th quarter valued at approximately $753,364,000. Wellington Management Group LLP boosted its stake in Sun Communities by 1,224.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock worth $578,668,000 after acquiring an additional 4,147,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Sun Communities by 37,933.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock valued at $182,663,000 after purchasing an additional 1,470,286 shares during the period. M&T Bank Corp grew its holdings in Sun Communities by 20,348.9% during the fourth quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock valued at $61,749,000 after purchasing an additional 495,902 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in Sun Communities by 152.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 767,190 shares of the real estate investment trust’s stock valued at $95,063,000 after purchasing an additional 463,312 shares during the period. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Sun Communities Price Performance

Shares of SUI opened at $123.66 on Friday. The stock has a 50 day simple moving average of $123.74 and a 200 day simple moving average of $126.76. Sun Communities, Inc. has a 52-week low of $115.53 and a 52-week high of $137.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. The firm has a market capitalization of $15.24 billion, a PE ratio of 11.23, a P/E/G ratio of 4.07 and a beta of 0.79.

Sun Communities (NYSE:SUI) last announced its earnings results 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). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company had revenue of $500.50 million for the quarter, compared to analyst estimates of $472.40 million. During the same quarter last year, the business posted $1.26 earnings per share. The business’s quarterly 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. Sell-side analysts predict that Sun Communities, Inc. will post 6.93 EPS for the current fiscal year.

Sun Communities Dividend Announcement

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

Analysts Set New Price Targets

SUI has been the topic of several analyst reports. Weiss Ratings lowered shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Barclays decreased their price target on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Evercore restated an “outperform” rating and issued a $144.00 price objective on shares of Sun Communities in a research report on Wednesday, April 29th. Mizuho dropped their price objective on Sun Communities from $143.00 to $137.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sun Communities has an average rating of “Moderate Buy” and a consensus price target of $140.48.

Insiders Place Their Bets

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the transaction, the executive vice president directly owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. This represents a 70.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary A. Shiffman sold 25,031 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total value of $3,002,718.76. Following the transaction, the director owned 857,761 shares of the company’s stock, valued at approximately $102,897,009.56. This trade represents a 2.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.58% of the company’s stock.

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.