Lecap Asset Management Ltd. Acquires Shares of 5,119 Sun Communities, Inc. $SUI

Lecap Asset Management Ltd. bought a new position in Sun Communities, Inc. (NYSE:SUI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,119 shares of the real estate investment trust’s stock, valued at approximately $660,000.

Other large investors have also modified their holdings of the company. HB Wealth Management LLC acquired a new position in Sun Communities during the 3rd quarter worth approximately $692,000. KLP Kapitalforvaltning AS grew its position in Sun Communities by 7.8% in the third quarter. KLP Kapitalforvaltning AS now owns 46,900 shares of the real estate investment trust’s stock valued at $6,092,000 after acquiring an additional 3,400 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Sun Communities by 75.9% during the third quarter. D.A. Davidson & CO. now owns 3,316 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 1,431 shares during the period. Discipline Wealth Solutions LLC purchased a new stake in shares of Sun Communities during the third quarter valued at approximately $371,000. Finally, Mather Group LLC. acquired a new position in shares of Sun Communities during the third quarter worth $132,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Stock Performance

Shares of Sun Communities stock opened at $125.50 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 6.01 and a current ratio of 6.01. Sun Communities, Inc. has a 1 year low of $109.22 and a 1 year high of $137.77. The firm’s 50-day simple moving average is $125.23 and its 200-day simple moving average is $125.78. The firm has a market cap of $15.52 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 4.05 and a beta of 0.90.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.10. Sun Communities had a negative return on equity of 4.53% and a net margin of 42.58%.The business had revenue of $697.20 million during the quarter, compared to the consensus estimate of $713.32 million. During the same period last year, the firm earned $2.34 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS. Equities analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, December 31st. Sun Communities’s payout ratio is 52.13%.

Insider Activity at Sun Communities

In related news, Director Clunet R. Lewis sold 4,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $126.24, for a total transaction of $504,960.00. Following the transaction, the director directly owned 26,000 shares in the company, valued at $3,282,240. This trade represents a 13.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary A. Shiffman sold 156,875 shares of Sun Communities stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SUI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, October 8th. Morgan Stanley lowered their target price on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Robert W. Baird lifted their target price on Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. UBS Group increased their price target on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Evercore ISI raised their price objective on Sun Communities from $136.00 to $138.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $136.62.

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.