Greenland Capital Management LP Makes New $2.64 Million Investment in Sun Communities, Inc. $SUI

Posted by Brenda Bartman on Aug 23rd, 2026

Greenland Capital Management LP acquired a new stake in shares of Sun Communities, Inc. (NYSE:SUI – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund acquired 22,000 shares of the real estate investment trust’s stock, valued at approximately $2,638,000.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Sun Communities in the second quarter valued at approximately $1,649,715,000. Norges Bank acquired a new stake in shares of Sun Communities in the fourth quarter worth approximately $753,364,000. Wellington Management Group LLP increased 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 purchasing an additional 4,147,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sun Communities by 37,933.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock worth $182,663,000 after purchasing an additional 1,470,286 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Sun Communities during the second quarter worth approximately $108,430,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Colliers Securities upgraded Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Friday, May 22nd. Odeon Capital Group set a $135.00 target price on shares of Sun Communities in a report on Thursday, July 9th. Weiss Ratings cut shares of Sun Communities from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Morgan Stanley reduced their target price on shares of Sun Communities from $135.00 to $126.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Finally, Barclays raised their price target on shares of Sun Communities from $146.00 to $147.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.38.

Check Out Our Latest Stock Report on Sun Communities

Sun Communities Price Performance

Shares of SUI stock opened at $121.55 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.52 and a quick ratio of 2.52. The firm’s 50-day moving average is $121.08 and its two-hundred day moving average is $125.85. Sun Communities, Inc. has a 12 month low of $115.90 and a 12 month high of $137.85. The company has a market capitalization of $14.80 billion, a PE ratio of -17.14, a price-to-earnings-growth ratio of 5.55 and a beta of 0.78.

Sun Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $1.12 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. Sun Communities’s dividend payout ratio (DPR) is currently -63.19%.

Insider Activity at Sun Communities

In related news, Director Gary A. Shiffman sold 25,031 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total value of $3,002,718.76. Following the completion of the transaction, the director directly owned 857,761 shares in the company, valued at approximately $102,897,009.56. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the sale, the executive vice president directly owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their position. The SEC filing for this sale provides additional information. 1.58% of the stock is currently owned by insiders.

Sun Communities Company Profile

(Free Report)

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.