Vanguard Group Inc. Sells 1,624,979 Shares of Sun Communities, Inc. $SUI

Vanguard Group Inc. trimmed its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,664,977 shares of the real estate investment trust’s stock after selling 1,624,979 shares during the quarter. Vanguard Group Inc. owned approximately 0.13% of Sun Communities worth $2,064,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SUI. Wellington Management Group LLP raised its position in shares of Sun Communities by 1,224.1% during the third quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock worth $578,668,000 after acquiring an additional 4,147,015 shares during the last quarter. M&T Bank Corp raised its position in shares of Sun Communities by 20,348.9% during the fourth quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock worth $61,749,000 after acquiring an additional 495,902 shares during the last quarter. Millennium Management LLC raised its position in shares of Sun Communities by 124.4% during the third quarter. Millennium Management LLC now owns 685,324 shares of the real estate investment trust’s stock worth $88,407,000 after acquiring an additional 379,877 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Sun Communities during the third quarter worth about $42,260,000. Finally, Balyasny Asset Management L.P. bought a new stake in Sun Communities in the third quarter worth approximately $39,200,000. 99.59% of the stock is currently owned by institutional investors.

Sun Communities Stock Down 1.5%

Shares of NYSE:SUI opened at $126.44 on Thursday. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 4.37 and a beta of 0.90. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85. The business’s 50 day moving average is $130.94 and its 200 day moving average is $127.44.

Sun Communities (NYSE:SUI) last announced its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($1.38). The company had revenue of $83.30 million for the quarter, compared to analysts’ expectations of $473.30 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. 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. On average, sell-side analysts forecast that Sun Communities, Inc. will post 6.93 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $1.12 dividend. This is an increase from Sun Communities’s previous quarterly dividend of $1.04. This represents a $4.48 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, March 31st. Sun Communities’s payout ratio is presently 40.69%.

Insiders Place Their Bets

In other Sun Communities news, Director Clunet R. Lewis sold 3,800 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.01, for a total value of $516,838.00. Following the transaction, the director owned 16,817 shares of the company’s stock, valued at approximately $2,287,280.17. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.58% of the company’s stock.

Analysts Set New Price Targets

SUI has been the subject of a number of research analyst reports. Barclays lifted their target price on Sun Communities from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Mizuho initiated coverage on Sun Communities in a report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 target price for the company. Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $133.00 to $150.00 in a report on Friday, February 27th. Weiss Ratings upgraded Sun Communities from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded Sun Communities from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a report on Wednesday, April 15th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.61.

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.