Entropy Technologies LP reduced its position in shares of Sun Communities, Inc. (NYSE:SUI – Free Report) by 73.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,803 shares of the real estate investment trust’s stock after selling 26,646 shares during the quarter. Entropy Technologies LP’s holdings in Sun Communities were worth $1,235,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SUI. AQR Capital Management LLC lifted its stake in shares of Sun Communities by 17.8% in the 1st quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock worth $1,554,000 after purchasing an additional 1,827 shares during the period. Goldman Sachs Group Inc. grew its position in Sun Communities by 21.1% during the first quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust’s stock valued at $25,128,000 after buying an additional 33,981 shares during the period. Empowered Funds LLC increased its holdings in Sun Communities by 32.5% during the first quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock valued at $434,000 after buying an additional 829 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Sun Communities during the first quarter valued at approximately $362,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Sun Communities by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 673 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.
Insider Buying and Selling at Sun Communities
In related news, Director Gary A. Shiffman sold 25,031 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the transaction, the director directly owned 857,761 shares of the company’s stock, valued at approximately $102,897,009.56. This trade represents a 2.84% decrease in their ownership of the stock. The transaction 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 Sun Communities stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the completion of the sale, the executive vice president owned 9,998 shares in the company, valued at approximately $1,244,051.14. This represents a 70.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.58% of the company’s stock.
Sun Communities Trading Down 0.4%
Sun Communities (NYSE:SUI – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($1.38). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The company had revenue of $500.50 million for the quarter, compared to the consensus estimate of $472.40 million. During the same quarter in the previous year, the business earned $1.26 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts anticipate that Sun Communities, Inc. will post 6.9 EPS for the current fiscal year.
Sun Communities Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Sun Communities’s dividend payout ratio (DPR) is presently 40.69%.
Key Stories Impacting Sun Communities
Here are the key news stories impacting Sun Communities this week:
- Positive Sentiment: Second-quarter core funds from operations (CFFO) came in at $1.84 per share, above the FactSet estimate of $1.76, indicating that the REIT’s underlying property operations performed better than the headline loss suggests. Sun Communities CFFO report
- Positive Sentiment: Sun Communities raised its fiscal 2026 EPS outlook to $6.94–$7.10, modestly above the $6.93 analyst consensus. The midpoint also implies confidence in earnings performance for the remainder of the year.
- Neutral Sentiment: Third-quarter 2026 EPS guidance of $2.23–$2.33 brackets the $2.24 consensus estimate, suggesting results are expected to be broadly in line with Wall Street forecasts.
- Negative Sentiment: The REIT reported a $8.08 diluted loss per share, far below the $0.66 consensus estimate. The company said the loss included discontinued operations, but the size of the miss is likely weighing on sentiment. Revenue of $478.4 million also fell well short of the $623.4 million analyst estimate. Sun Communities second-quarter results
Analysts Set New Price Targets
Several analysts have issued reports on SUI shares. Royal Bank Of Canada cut their price target on Sun Communities from $151.00 to $149.00 and set an “outperform” rating for the company in a report on Friday, June 5th. Odeon Capital Group set a $135.00 price objective on Sun Communities in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Sun Communities in a report on Thursday, May 14th. Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Friday, May 22nd. Finally, Evercore restated an “outperform” rating and set a $144.00 target price on shares of Sun Communities in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.05.
Get Our Latest Research Report on Sun Communities
About Sun Communities
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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