Legal & General Group Plc Acquires Shares of 1,023,572 Sun Communities, Inc. $SUI

Posted by Brenda Bartman on Aug 28th, 2026

Legal & General Group Plc bought a new position in Sun Communities, Inc. (NYSE:SUI – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,023,572 shares of the real estate investment trust’s stock, valued at approximately $122,737,000. Legal & General Group Plc owned 0.84% of Sun Communities as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SUI. Fulcrum Asset Management LLP bought a new position in shares of Sun Communities in the third quarter worth about $27,000. Wiser Advisor Group LLC bought a new stake in Sun Communities during the 3rd quarter valued at about $46,000. Prosperity Bancshares Inc bought a new stake in Sun Communities during the 4th quarter valued at about $48,000. Oslo Pensjonsforsikring AS purchased a new stake in Sun Communities in the 1st quarter valued at about $49,000. Finally, Allworth Financial LP boosted its position in Sun Communities by 141.6% in the 4th quarter. Allworth Financial LP now owns 430 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 252 shares during the period. 99.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SUI has been the topic of a number of research reports. Truist Financial reduced their target price on shares of Sun Communities from $141.00 to $138.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Odeon Capital Group set a $135.00 price target on Sun Communities in a report on Thursday, July 9th. Wells Fargo & Company dropped their price objective on Sun Communities from $142.00 to $141.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Colliers Securities raised Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Friday, May 22nd. Finally, Bank of America upgraded Sun Communities from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sun Communities currently has a consensus rating of “Moderate Buy” and an average target price of $139.42.

Get Our Latest Research Report on Sun Communities

Insider Buying and Selling at Sun Communities

In other news, Director Gary A. Shiffman sold 25,031 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 857,761 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.58% of the company’s stock.

Sun Communities Stock Down 1.5%

Shares of Sun Communities stock opened at $123.36 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. Sun Communities, Inc. has a 1 year low of $115.90 and a 1 year high of $137.85. The firm’s 50-day moving average is $121.26 and its two-hundred day moving average is $125.80. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of -17.40, a PEG ratio of 5.71 and a beta of 0.78.

Sun Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Sun Communities’s dividend payout ratio is presently -63.19%.

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.