Sun Communities (NYSE:SUI) Director Sells $3,002,718.76 in Stock

Sun Communities, Inc. (NYSE:SUI) Director Gary Shiffman sold 25,031 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was 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 of the company’s stock, valued at $102,897,009.56. This trade represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sun Communities Stock Up 2.3%

Shares of SUI opened at $121.28 on Friday. The firm has a market cap of $14.95 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 3.98 and a beta of 0.79. The company’s fifty day moving average is $124.47 and its two-hundred day moving average is $126.81. Sun Communities, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $137.85. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last issued its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share 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 quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business 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. Analysts forecast that Sun Communities, Inc. will post 6.94 earnings per share for the current year.

Sun Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Sun Communities’s dividend payout ratio is 40.69%.

Institutional Trading of Sun Communities

Institutional investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB raised its position in shares of Sun Communities by 31.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 43,298 shares of the real estate investment trust’s stock worth $5,585,000 after purchasing an additional 10,382 shares during the period. Whittier Trust Co. lifted its position in Sun Communities by 8.8% in the 4th quarter. Whittier Trust Co. now owns 264,511 shares of the real estate investment trust’s stock valued at $32,495,000 after purchasing an additional 21,364 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Sun Communities during the 3rd quarter valued at about $3,406,000. Whittier Trust Co. of Nevada Inc. grew its position in Sun Communities by 9.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 110,415 shares of the real estate investment trust’s stock worth $13,564,000 after purchasing an additional 9,268 shares during the last quarter. Finally, Inceptionr LLC bought a new position in Sun Communities in the 3rd quarter worth about $961,000. Institutional investors own 99.59% of the company’s stock.

Analysts Set New Price Targets

SUI has been the topic of a number of recent research reports. Citigroup boosted their price objective on Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wells Fargo & Company dropped their target price on Sun Communities from $150.00 to $142.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Barclays decreased their price target on Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Jefferies Financial Group raised shares of Sun Communities to a “strong-buy” rating in a report on Friday. Finally, Colliers Securities raised shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Sun Communities presently has an average rating of “Moderate Buy” and a consensus target price of $140.91.

Sun Communities Company 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.