Whittier Trust Co. of Nevada Inc. Decreases Stake in Sun Communities, Inc. $SUI

Whittier Trust Co. of Nevada Inc. reduced its position in shares of Sun Communities, Inc. (NYSE:SUI) by 10.7% in the third quarter, Holdings Channel reports. The fund owned 101,147 shares of the real estate investment trust’s stock after selling 12,115 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Sun Communities were worth $13,163,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SUI. Elevation Point Wealth Partners LLC bought a new stake in shares of Sun Communities during the second quarter valued at approximately $30,000. MAI Capital Management grew its stake in Sun Communities by 164.4% in the second 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. purchased a new position in Sun Communities during the 3rd quarter worth $37,000. Farther Finance Advisors LLC raised its position 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 purchasing an additional 201 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Sun Communities in the 2nd quarter worth $47,000. Institutional investors own 99.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SUI shares. UBS Group raised their price target on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Tuesday. Barclays reissued an “overweight” rating and set a $144.00 price objective on shares of Sun Communities in a report on Tuesday, January 13th. Truist Financial upped their target price on Sun Communities from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Finally, Wells Fargo & Company lifted their price target on Sun Communities from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $137.46.

Insider Activity

In related news, Director Gary A. Shiffman sold 156,875 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total transaction of $19,378,768.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 transaction of $504,960.00. Following the completion of the transaction, the director owned 26,000 shares of the company’s stock, valued at approximately $3,282,240. This trade represents a 13.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.77% of the stock is owned by company insiders.

Sun Communities Price Performance

Shares of NYSE SUI opened at $126.45 on Friday. Sun Communities, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $137.77. The company has a market cap of $15.64 billion, a PE ratio of 15.85, a P/E/G ratio of 4.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 6.01 and a current ratio of 6.01. The business has a 50-day simple moving average of $125.38 and a two-hundred day simple moving average of $125.66.

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 negative return on equity of 4.53% and a net margin of 42.58%.The company had revenue of $697.20 million during the quarter, compared to analysts’ expectations of $713.32 million. During the same quarter in the previous year, the firm posted $2.34 EPS. The firm’s revenue 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. As a group, equities analysts expect that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Dividend Announcement

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

Sun Communities 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.