Sun Communities (NYSE:SUI) Director Gary Shiffman Sells 25,031 Shares of Stock

Sun Communities, Inc. (NYSE:SUI) Director Gary Shiffman sold 25,031 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the sale, the director directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sun Communities Trading Down 0.7%

Sun Communities stock traded down $0.79 during mid-day trading on Thursday, hitting $119.14. 459,273 shares of the stock were exchanged, compared to its average volume of 881,374. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 3.93 and a beta of 0.79. Sun Communities, Inc. has a 12 month low of $115.53 and a 12 month high of $137.85. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $124.85 and its two-hundred day simple moving average is $126.92.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The firm had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. During the same period in the prior year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. 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. Analysts forecast that Sun Communities, Inc. will post 6.94 EPS for the current year.

Sun Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 3.8%. The ex-dividend date is Tuesday, June 30th. Sun Communities’s dividend payout ratio (DPR) is presently 40.69%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SUI shares. Barclays dropped their price objective on Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Weiss Ratings lowered Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Truist Financial cut their price target on Sun Communities from $147.00 to $141.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Evercore reaffirmed an “outperform” rating and set a $144.00 price objective on shares of Sun Communities in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 price objective on shares of Sun Communities in a research note on Thursday, May 14th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.12.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Sun Communities by 1,226.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 184 shares during the last quarter. Fulcrum Asset Management LLP acquired a new position in Sun Communities during the 3rd quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new stake in Sun Communities during the 3rd quarter worth approximately $27,000. Global X Japan Co. Ltd. bought a new stake in Sun Communities during the 4th quarter worth approximately $33,000. Finally, Assetmark Inc. raised its stake in shares of Sun Communities by 55.7% in the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 97 shares during the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

About Sun Communities

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.