Jefferies Financial Group Inc. Invests $3.41 Million in Sun Communities, Inc. $SUI

Jefferies Financial Group Inc. acquired a new stake in shares of Sun Communities, Inc. (NYSE:SUI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 26,400 shares of the real estate investment trust’s stock, valued at approximately $3,406,000.

A number of other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 acquiring an additional 84 shares during the last quarter. Assetmark Inc. increased its stake in Sun Communities by 55.7% in the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 97 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in 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 valued at $86,000 after acquiring an additional 109 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Sun Communities by 0.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 23,102 shares of the real estate investment trust’s stock valued at $2,922,000 after purchasing an additional 113 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its position 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 purchasing an additional 117 shares in the last quarter. 99.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SUI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Tuesday, January 20th. Robert W. Baird raised their price objective on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, March 6th. 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. Truist Financial increased their price target on shares of Sun Communities from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, UBS Group lifted their price target on shares of Sun Communities from $126.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Eight equities research 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 currently has a consensus rating of “Hold” and an average price target of $140.86.

Insider Activity at Sun Communities

In other news, Director Gary A. Shiffman sold 156,875 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Clunet R. Lewis sold 3,200 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.15, for a total value of $435,680.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 163,875 shares of company stock valued at $20,331,287. Company insiders own 1.89% of the company’s stock.

Sun Communities Stock Performance

Shares of NYSE:SUI opened at $136.51 on Wednesday. The company has a market cap of $16.82 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 4.51 and a beta of 0.88. The company has a 50-day moving average price of $128.63 and a 200-day moving average price of $126.96. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.58. Sun Communities, Inc. has a 12 month low of $109.22 and a 12 month high of $137.85.

Sun Communities (NYSE:SUI) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $515.20 million during the quarter, compared to analyst estimates 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 for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. 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. As a group, equities analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current year.

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.