Strs Ohio increased its position in Sun Communities, Inc. (NYSE:SUI – Free Report) by 58.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 121,933 shares of the real estate investment trust’s stock after buying an additional 44,896 shares during the period. Strs Ohio’s holdings in Sun Communities were worth $15,359,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in Sun Communities by 1,226.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 184 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Sun Communities in the 3rd quarter worth about $27,000. Global X Japan Co. Ltd. acquired a new position in shares of Sun Communities in the 4th quarter valued at about $33,000. Wiser Advisor Group LLC purchased a new stake in shares of Sun Communities during the 3rd quarter worth about $46,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Sun Communities during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 99.59% of the company’s stock.
Insider Buying and Selling at Sun Communities
In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the transaction, the executive vice president directly owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This represents a 70.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary A. Shiffman sold 25,031 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total value of $3,002,718.76. Following the sale, the director owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.58% of the company’s stock.
Sun Communities Stock Performance
Sun Communities (NYSE:SUI – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). The company had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Sun Communities’s dividend payout ratio (DPR) is presently 40.69%.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Evercore restated an “outperform” rating and issued a $144.00 price target on shares of Sun Communities in a report on Wednesday, April 29th. Jefferies Financial Group upgraded shares of Sun Communities to a “strong-buy” rating in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on shares of Sun Communities in a research report on Thursday, May 14th. Zelman & Associates assumed coverage on shares of Sun Communities in a research note on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price on the stock. Finally, Mizuho reduced their target price on shares of Sun Communities from $143.00 to $137.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.48.
View Our Latest Stock Analysis on SUI
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.
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