Sun Communities, Inc. $SUI Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC lessened its position in Sun Communities, Inc. (NYSE:SUI) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,744 shares of the real estate investment trust’s stock after selling 1,599 shares during the quarter. Chilton Capital Management LLC owned about 0.08% of Sun Communities worth $13,473,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Twin Tree Management LP purchased a new stake in shares of Sun Communities in the first quarter valued at about $29,000. Ransom Advisory Ltd purchased a new position in Sun Communities in the first quarter worth approximately $31,000. GKV Capital Management Co. Inc. purchased a new stake in Sun Communities in the first quarter valued at $42,000. V Square Quantitative Management LLC acquired a new position in shares of Sun Communities in the 2nd quarter valued at $47,000. Finally, Avalon Trust Co acquired a new position in Sun Communities in the first quarter valued at about $65,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Stock Up 0.6%

Sun Communities stock opened at $124.03 on Friday. The stock has a 50-day simple moving average of $126.81 and a 200-day simple moving average of $125.22. The company has a market capitalization of $15.52 billion, a P/E ratio of 12.14, a PEG ratio of 6.38 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.08 and a current ratio of 7.08. Sun Communities, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $138.73.

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

Sun Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, September 30th. Sun Communities’s dividend payout ratio (DPR) is 40.70%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SUI. Robert W. Baird raised their target price on Sun Communities from $126.00 to $134.00 and gave the company a “neutral” rating in a report on Monday, August 11th. Morgan Stanley set a $142.00 target price on shares of Sun Communities in a report on Thursday, September 4th. Wells Fargo & Company decreased their target price 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. Evercore ISI raised their target price on shares of Sun Communities from $136.00 to $138.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Finally, Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sun Communities has an average rating of “Hold” and an average 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.