Intech Investment Management LLC Increases Stock Position in Sun Communities, Inc. $SUI

Intech Investment Management LLC boosted its position in shares of Sun Communities, Inc. (NYSE:SUI) by 405.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,906 shares of the real estate investment trust’s stock after purchasing an additional 44,847 shares during the period. Intech Investment Management LLC’s holdings in Sun Communities were worth $7,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC purchased a new position in Sun Communities in the 2nd quarter valued at about $30,000. MAI Capital Management lifted its stake in shares of 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 acquiring an additional 166 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Sun Communities by 55.7% in the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 97 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in Sun Communities in the third quarter valued at about $37,000. Finally, Farther Finance Advisors LLC grew its stake 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. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Insider Transactions at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of the company’s 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, January 21st. Barclays reaffirmed an “overweight” rating and issued a $144.00 price target on shares of Sun Communities in a report on Tuesday, January 13th. Royal Bank Of Canada raised their price objective on shares of Sun Communities from $142.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, January 20th. Finally, Morgan Stanley decreased their price target 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. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sun Communities has a consensus rating of “Hold” and a consensus price target of $138.77.

Sun Communities Trading Up 0.7%

NYSE SUI opened at $136.71 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 one year low of $109.22 and a one year high of $137.84. The company has a 50-day simple moving average of $126.94 and a 200-day simple moving average of $126.49. The firm has a market capitalization of $16.84 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 4.52 and a beta of 0.90.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The firm had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. During the same quarter in the prior year, the business earned $1.41 earnings per share. Sun Communities’s quarterly revenue was up .1% on a year-over-year basis. 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. On average, equities analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, December 31st were given a dividend of $1.04 per share. The ex-dividend date was Wednesday, December 31st. This represents a $4.16 dividend on an annualized basis and a yield of 3.0%. Sun Communities’s payout ratio is currently 38.73%.

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.