Tacita Capital Inc Buys 5,254 Shares of Sun Communities, Inc. $SUI

Tacita Capital Inc increased its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 60.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,962 shares of the real estate investment trust’s stock after acquiring an additional 5,254 shares during the quarter. Tacita Capital Inc’s holdings in Sun Communities were worth $1,730,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Sun Communities by 1.4% during the third quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock worth $2,359,404,000 after buying an additional 249,501 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Sun Communities by 31.5% during the third quarter. Handelsbanken Fonder AB now owns 43,298 shares of the real estate investment trust’s stock worth $5,585,000 after buying an additional 10,382 shares in the last quarter. Whittier Trust Co. grew its holdings in Sun Communities by 8.8% during the fourth quarter. Whittier Trust Co. now owns 264,511 shares of the real estate investment trust’s stock worth $32,495,000 after buying an additional 21,364 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Sun Communities during the third quarter worth $3,406,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Sun Communities by 9.2% during the fourth 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 buying an additional 9,268 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.

Insider Activity at Sun Communities

In other news, EVP Fernando Castro-Caratini sold 23,750 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the transaction, the executive vice president owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This represents a 70.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.58% of the stock is owned by corporate insiders.

Sun Communities Stock Up 0.8%

SUI stock opened at $123.71 on Friday. The stock’s fifty day simple moving average is $126.27 and its two-hundred day simple moving average is $127.38. 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, Inc. has a 1-year low of $115.53 and a 1-year high of $137.85. The stock has a market cap of $15.24 billion, a P/E ratio of 11.24, a P/E/G ratio of 4.06 and a beta of 0.79.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data 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). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The business had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $472.40 million. During the same period in the prior year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. 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 expect that Sun Communities, Inc. will post 6.94 EPS for the current year.

Sun Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Sun Communities’s dividend payout ratio is currently 40.69%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Sun Communities in a research report on Thursday, May 14th. Citigroup boosted their price objective on Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Robert W. Baird boosted their price objective on Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Mizuho assumed coverage on Sun Communities in a research report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 price objective on the stock. Finally, Colliers Securities raised Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Friday, May 22nd. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.13.

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.