5,365 Shares in Sun Communities, Inc. $SUI Acquired by HB Wealth Management LLC

HB Wealth Management LLC acquired a new stake in Sun Communities, Inc. (NYSE:SUI) in the third quarter, Holdings Channel.com reports. The firm acquired 5,365 shares of the real estate investment trust’s stock, valued at approximately $692,000.

Several other institutional investors have also recently made changes to their positions in SUI. Elevation Point Wealth Partners LLC bought a new position in shares of Sun Communities in the second quarter worth $30,000. MAI Capital Management lifted its holdings in Sun Communities by 164.4% during the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 166 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Sun Communities in the 3rd quarter worth about $37,000. Farther Finance Advisors LLC grew its holdings in Sun Communities by 179.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 313 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 201 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of Sun Communities during the second quarter valued at about $47,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Analyst Upgrades and Downgrades

SUI has been the subject of a number of analyst reports. Barclays restated an “overweight” rating and issued a $144.00 price objective on shares of Sun Communities in a research report on Tuesday. Truist Financial increased their target price on shares of Sun Communities from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Morgan Stanley cut their price target on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Robert W. Baird boosted their price target on shares of Sun Communities from $134.00 to $136.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Finally, Royal Bank Of Canada increased their price objective on Sun Communities from $142.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sun Communities has an average rating of “Hold” and a consensus target price of $136.69.

Sun Communities Trading Up 0.6%

Shares of Sun Communities stock opened at $124.81 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick 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 has a market cap of $15.44 billion, a PE ratio of 15.64, a PEG ratio of 4.10 and a beta of 0.90. The company has a 50 day simple moving average of $125.22 and a two-hundred day simple moving average of $125.70.

Sun Communities (NYSE:SUI) last issued 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 net margin of 42.58% and a negative return on equity of 4.53%. The firm had revenue of $697.20 million for the quarter, compared to analyst estimates of $713.32 million. During the same quarter in the prior year, the firm earned $2.34 EPS. The business’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. Analysts expect that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Announces Dividend

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

Insider Activity

In other news, Director Clunet R. Lewis sold 4,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $126.24, for a total value of $504,960.00. Following the completion of the transaction, the director directly owned 26,000 shares in the company, valued at approximately $3,282,240. This represents a 13.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The SEC filing for this sale provides additional information. Insiders own 1.89% of the company’s stock.

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.