Robeco Institutional Asset Management B.V. Purchases Shares of 7,644 Sun Communities, Inc. $SUI

Robeco Institutional Asset Management B.V. purchased a new stake in Sun Communities, Inc. (NYSE:SUI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,644 shares of the real estate investment trust’s stock, valued at approximately $947,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Sun Communities by 1.4% in the third quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock worth $2,359,404,000 after purchasing an additional 249,501 shares during the last quarter. Dodge & Cox raised its stake in shares of Sun Communities by 2.0% in the third quarter. Dodge & Cox now owns 14,480,815 shares of the real estate investment trust’s stock worth $1,868,025,000 after purchasing an additional 282,055 shares during the last quarter. State Street Corp raised its stake in shares of Sun Communities by 4.2% in the third quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock worth $699,862,000 after purchasing an additional 214,634 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Sun Communities by 1,224.1% in 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 purchasing an additional 4,147,015 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sun Communities by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,788,913 shares of the real estate investment trust’s stock worth $230,770,000 after purchasing an additional 51,404 shares during the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Sun Communities Stock Up 1.7%

Shares of SUI opened at $130.44 on Friday. The company has a current ratio of 4.43, a quick 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 stock’s 50 day moving average is $131.03 and its two-hundred day moving average is $127.33. The firm has a market cap of $16.07 billion, a P/E ratio of 12.15, a PEG ratio of 4.39 and a beta of 0.90.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The company had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. During the same period last year, the company earned $1.41 earnings per share. Sun Communities’s quarterly revenue was up .1% compared to the same quarter last year. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. Analysts predict that Sun Communities, Inc. will post 6.77 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 issued a $1.12 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. 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 3.4%. Sun Communities’s dividend payout ratio is 41.71%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SUI. Zelman & Associates began coverage on Sun Communities in a research note on Monday, March 16th. They issued an “outperform” rating and a $127.75 price objective for the company. Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $133.00 to $150.00 in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft cut Sun Communities from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Wednesday. Weiss Ratings upgraded Sun Communities from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Truist Financial raised their price objective on Sun Communities from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $139.73.

Insider Buying and Selling

In other news, Director Clunet R. Lewis sold 3,200 shares of Sun Communities stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total value of $435,680.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.58% of the company’s stock.

Sun Communities Profile

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.