Focus Partners Advisor Solutions LLC Sells 500 Shares of Sun Communities, Inc. $SUI

Focus Partners Advisor Solutions LLC reduced its position in Sun Communities, Inc. (NYSE:SUI) by 3.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,495 shares of the real estate investment trust’s stock after selling 500 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Sun Communities were worth $1,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings 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 buying an additional 84 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Sun Communities by 0.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,108 shares of the real estate investment trust’s stock valued at $3,487,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Sun Communities by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,504 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 102 shares in the last quarter. Bessemer Group Inc. grew its holdings in Sun Communities by 11.6% during the 1st quarter. Bessemer Group Inc. now owns 1,153 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 120 shares in the last quarter. Finally, GF Fund Management CO. LTD. grew its holdings in Sun Communities by 6.5% during the 1st quarter. GF Fund Management CO. LTD. now owns 2,413 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 148 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SUI has been the subject of a number of recent analyst reports. Truist Financial lifted their target price on Sun Communities from $137.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Wall Street Zen raised Sun Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a report on Monday, October 20th. Evercore ISI lifted their target price on Sun Communities from $136.00 to $138.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Finally, Wells Fargo & Company reduced their target price on Sun Communities from $135.00 to $132.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sun Communities currently has an average rating of “Hold” and an average target price of $137.86.

Sun Communities Stock Up 0.6%

Shares of NYSE SUI opened at $124.03 on Monday. Sun Communities, Inc. has a 12 month low of $109.22 and a 12 month high of $138.73. The company has a current ratio of 7.08, a quick ratio of 7.08 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 6.37 and a beta of 0.86. The business has a 50-day moving average of $126.81 and a 200-day moving average of $125.24.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. Sun Communities had a negative return on equity of 0.60% and a net margin of 48.86%.The company had revenue of $623.50 million during the quarter, compared to analyst estimates of $614.79 million. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. Sell-side analysts expect that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $1.04 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $4.16 dividend on an annualized basis and a yield of 3.4%. Sun Communities’s payout ratio is presently 40.70%.

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.