Rakuten Investment Management Inc. Buys Shares of 11,839 Sun Communities, Inc. $SUI

Rakuten Investment Management Inc. purchased a new stake in shares of Sun Communities, Inc. (NYSE:SUI) during the third quarter, Holdings Channel reports. The fund purchased 11,839 shares of the real estate investment trust’s stock, valued at approximately $1,527,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in Sun Communities in the 2nd quarter valued at approximately $30,000. MAI Capital Management raised its stake in shares of Sun Communities by 164.4% during the second quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 166 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Sun Communities during the third quarter worth $37,000. Farther Finance Advisors LLC grew its stake in shares of Sun Communities by 179.5% in the third quarter. Farther Finance Advisors LLC now owns 313 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 201 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Sun Communities in the second quarter valued at $47,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Insider Buying and Selling

In other news, Director Clunet R. Lewis sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $126.24, for a total transaction of $504,960.00. Following the completion of the sale, the director owned 26,000 shares in the company, valued at $3,282,240. The trade was a 13.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary A. Shiffman sold 156,875 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total value of $19,378,768.75. The disclosure for this sale is available in the SEC filing. 1.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on SUI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Communities in a report on Wednesday. Jefferies Financial Group set a $142.00 price target on shares of Sun Communities and gave the stock a “buy” rating in a research report on Monday, November 3rd. Barclays reiterated an “overweight” rating and set a $144.00 price objective on shares of Sun Communities in a research report on Tuesday, January 13th. Morgan Stanley lowered their target price on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Finally, UBS Group upped their price target on shares of Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sun Communities has a consensus rating of “Hold” and an average price target of $137.46.

Sun Communities Stock Performance

NYSE:SUI opened at $126.45 on Friday. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.58. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.77. The company has a fifty day moving average of $125.38 and a 200-day moving average of $125.67. The firm has a market capitalization of $15.64 billion, a P/E ratio of 15.85, a P/E/G ratio of 4.14 and a beta of 0.90.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.10. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The business had revenue of $697.20 million during the quarter, compared to analysts’ expectations of $713.32 million. During the same period last year, the company posted $2.34 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, December 31st will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Sun Communities’s payout ratio is presently 52.13%.

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.