Sun Communities, Inc. $SUI Stock Holdings Decreased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd trimmed its position in shares of Sun Communities, Inc. (NYSE:SUI) by 26.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,662 shares of the real estate investment trust’s stock after selling 3,904 shares during the period. Swiss Life Asset Management Ltd’s holdings in Sun Communities were worth $1,375,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SUI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sun Communities by 9.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 84 shares during the last quarter. Assetmark Inc. boosted its stake in Sun Communities by 55.7% during the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 97 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Sun Communities by 19.6% in the third quarter. Smartleaf Asset Management LLC now owns 665 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 109 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Sun Communities by 0.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 23,102 shares of the real estate investment trust’s stock worth $2,922,000 after purchasing an additional 113 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its stake in Sun Communities by 1.3% during the second quarter. Orion Porfolio Solutions LLC now owns 9,335 shares of the real estate investment trust’s stock valued at $1,181,000 after acquiring an additional 117 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Wall Street Analyst Weigh In

SUI has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, January 20th. Citigroup boosted their target price on Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Barclays increased their target price on Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Robert W. Baird raised their price target on Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Finally, Morgan Stanley cut their price target on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sun Communities presently has an average rating of “Moderate Buy” and an average target price of $139.98.

Insiders Place Their Bets

In other Sun Communities news, Director Clunet R. Lewis sold 3,200 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.77% of the company’s stock.

Sun Communities Stock Down 1.1%

Sun Communities stock opened at $128.98 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.43 and a quick ratio of 4.43. The company’s 50-day moving average is $130.37 and its 200-day moving average is $127.40. The firm has a market capitalization of $15.89 billion, a PE ratio of 12.01, a P/E/G ratio of 4.45 and a beta of 0.88. Sun Communities, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $137.85.

Sun Communities (NYSE:SUI) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. The business had revenue of $515.20 million during the quarter, compared to the consensus estimate of $509.40 million. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. Sun Communities’s revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. 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. Sell-side analysts anticipate that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s payout ratio is presently 41.71%.

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.