Sun Communities, Inc. $SUI Shares Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC grew its stake in Sun Communities, Inc. (NYSE:SUI) by 13.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,216 shares of the real estate investment trust’s stock after acquiring an additional 973 shares during the quarter. VCI Wealth Management LLC’s holdings in Sun Communities were worth $1,039,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Sun Communities by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 17,947,285 shares of the real estate investment trust’s stock worth $2,308,739,000 after acquiring an additional 403,923 shares during the last quarter. Dodge & Cox increased its stake in shares of Sun Communities by 42.1% in the 1st quarter. Dodge & Cox now owns 13,647,820 shares of the real estate investment trust’s stock worth $1,755,656,000 after acquiring an additional 4,041,802 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Sun Communities by 10.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,118,054 shares of the real estate investment trust’s stock worth $787,029,000 after acquiring an additional 568,514 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Sun Communities by 103.7% in the 1st quarter. Deutsche Bank AG now owns 1,611,425 shares of the real estate investment trust’s stock worth $207,294,000 after acquiring an additional 820,422 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Sun Communities by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,404,160 shares of the real estate investment trust’s stock worth $180,631,000 after purchasing an additional 39,849 shares during the period. 99.59% of the stock is owned by institutional investors and hedge funds.

Sun Communities Stock Performance

Shares of Sun Communities stock opened at $124.37 on Tuesday. The business has a 50-day moving average of $127.03 and a 200 day moving average of $125.05. Sun Communities, Inc. has a 12 month low of $109.22 and a 12 month high of $140.49. The stock has a market capitalization of $15.56 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 6.36 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.08 and a quick ratio of 7.08.

Sun Communities (NYSE:SUI) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. The company had revenue of $623.50 million during the quarter, compared to analysts’ expectations of $614.79 million. Sun Communities had a negative return on equity of 0.60% and a net margin of 48.86%.During the same period last year, the business posted $1.86 EPS. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. As a group, sell-side analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 30th. Sun Communities’s dividend payout ratio (DPR) is presently 40.70%.

Analysts Set New Price Targets

SUI has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, October 8th. Wall Street Zen upgraded Sun Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley set a $142.00 price target on Sun Communities in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft set a $135.00 price target on Sun Communities and gave the stock a “hold” rating in a report on Wednesday, June 25th. Finally, Wells Fargo & Company lowered their price target 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. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $137.86.

Sun Communities Profile

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.