Sun Communities, Inc. $SUI Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Sun Communities, Inc. (NYSE:SUI) by 18.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 32,108 shares of the real estate investment trust’s stock after acquiring an additional 5,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sun Communities were worth $4,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Sun Communities by 2.3% during 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 period. Dodge & Cox lifted its position in Sun Communities by 42.1% during 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 period. Price T Rowe Associates Inc. MD lifted its position in Sun Communities by 10.2% during 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 period. Deutsche Bank AG lifted its position in Sun Communities by 103.7% during 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 period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 acquiring an additional 39,849 shares during the period. Institutional investors and hedge funds own 99.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SUI shares. Robert W. Baird boosted their price objective 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 price objective on Sun Communities in a report on Thursday, September 4th. Wall Street Zen raised Sun Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Truist Financial boosted their price objective on Sun Communities from $137.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sun Communities currently has an average rating of “Hold” and an average price target of $137.86.

Sun Communities Stock Performance

NYSE SUI opened at $122.78 on Friday. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 4.05 and a beta of 0.86. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.77. The company has a current ratio of 7.08, a quick ratio of 7.08 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average of $126.48 and a 200 day moving average of $125.27.

Sun Communities (NYSE:SUI) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 4.51% and a net margin of 42.58%.Sun Communities’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Sell-side analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.16 dividend on an annualized basis and a yield of 3.4%. Sun Communities’s dividend payout ratio is presently 40.70%.

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.