Schroder Investment Management Group Lowers Holdings in Sun Communities, Inc. $SUI

Schroder Investment Management Group decreased its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 10.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 373,811 shares of the real estate investment trust’s stock after selling 41,488 shares during the quarter. Schroder Investment Management Group’s holdings in Sun Communities were worth $47,283,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Avantax Advisory Services Inc. increased its position in shares of Sun Communities by 7.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,370 shares of the real estate investment trust’s stock worth $948,000 after purchasing an additional 514 shares during the last quarter. Mackenzie Financial Corp lifted its position in Sun Communities by 14.4% in the first quarter. Mackenzie Financial Corp now owns 8,446 shares of the real estate investment trust’s stock valued at $1,086,000 after buying an additional 1,063 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in Sun Communities by 21.8% during the first quarter. Arkadios Wealth Advisors now owns 7,121 shares of the real estate investment trust’s stock worth $916,000 after buying an additional 1,274 shares during the period. PNC Financial Services Group Inc. boosted its stake in Sun Communities by 4.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,504 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 102 shares during the period. Finally, Avalon Trust Co acquired a new stake in shares of Sun Communities during the first quarter valued at about $65,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Price Performance

Shares of SUI opened at $128.84 on Monday. The company has a market cap of $15.93 billion, a P/E ratio of 16.15, a PEG ratio of 4.05 and a beta of 0.86. Sun Communities, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $137.77. The company has a quick ratio of 7.08, a current ratio of 7.08 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average price is $125.98 and its 200 day moving average price is $125.66.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, beating the consensus estimate of $2.18 by $0.10. The company had revenue of $697.20 million during the quarter, compared to analysts’ expectations of $713.32 million. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.51%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.34 EPS. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS. FY 2025 guidance at 6.590-6.670 EPS. On average, research analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Sun Communities’s payout ratio is presently 52.13%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SUI. Wells Fargo & Company upped their price objective on shares of Sun Communities from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Wall Street Zen raised Sun Communities from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Morgan Stanley decreased their price target on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Barclays raised their price target on Sun Communities from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group set a $142.00 price objective on Sun Communities and gave the company a “buy” rating in a report on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $137.42.

Insider Buying and Selling

In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $126.24, for a total transaction of $504,960.00. Following the sale, the director owned 26,000 shares in the company, valued at $3,282,240. This represents a 13.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.77% of the stock is owned by insiders.

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.