DNB Asset Management AS Increases Holdings in Sun Communities, Inc. $SUI

DNB Asset Management AS raised its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 218.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 77,034 shares of the real estate investment trust’s stock after buying an additional 52,812 shares during the quarter. DNB Asset Management AS’s holdings in Sun Communities were worth $9,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SUI. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Sun Communities by 1,226.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sun Communities during the 3rd quarter valued at about $27,000. Fulcrum Asset Management LLP purchased a new stake in shares of Sun Communities during the 3rd quarter valued at about $27,000. Global X Japan Co. Ltd. purchased a new stake in shares of Sun Communities during the 4th quarter valued at about $33,000. Finally, Assetmark Inc. increased its position in shares of 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 last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sun Communities

In other Sun Communities news, Director Clunet R. Lewis sold 3,200 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total value of $435,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.58% of the company’s stock.

Sun Communities Trading Down 0.1%

Sun Communities stock opened at $120.34 on Monday. The firm has a 50 day moving average of $129.17 and a 200 day moving average of $127.53. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 3.18 and a beta of 0.82. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last released its earnings results 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). The firm 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 company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 earnings per share. 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. As a group, research analysts predict that Sun Communities, Inc. will post 6.95 earnings per share for the current year.

Sun Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, March 31st. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s dividend payout ratio (DPR) is currently 40.69%.

Analyst Upgrades and Downgrades

SUI has been the subject of several research reports. Barclays upped their price target on shares of Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Evercore restated an “outperform” rating and issued a $144.00 price objective on shares of Sun Communities in a research note on Wednesday, April 29th. Truist Financial reduced their price objective on Sun Communities from $147.00 to $141.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $133.00 to $150.00 in a research note on Friday, February 27th. Finally, Mizuho began coverage on Sun Communities in a research note on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.45.

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.