Lasalle Investment Management Securities LLC Decreases Stock Holdings in Sun Communities, Inc. $SUI

Lasalle Investment Management Securities LLC cut its stake in Sun Communities, Inc. (NYSE:SUI) by 92.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,134 shares of the real estate investment trust’s stock after selling 693,298 shares during the period. Lasalle Investment Management Securities LLC’s holdings in Sun Communities were worth $6,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SUI. Norges Bank acquired a new position in Sun Communities during the second quarter worth $925,926,000. Dodge & Cox increased its stake in Sun Communities by 4.0% in the second quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock valued at $1,796,001,000 after purchasing an additional 550,940 shares during the last quarter. Vanguard Group Inc. lifted its position 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 during the period. Daiwa Securities Group Inc. boosted its stake in Sun Communities by 4.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,775,910 shares of the real estate investment trust’s stock worth $351,125,000 after buying an additional 128,334 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. purchased a new stake in Sun Communities in the 2nd quarter valued at about $16,185,000. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Sun Communities Trading Up 0.7%

Shares of SUI opened at $136.71 on Friday. Sun Communities, Inc. has a 12 month low of $109.22 and a 12 month high of $137.84. The stock’s 50-day moving average is $126.94 and its two-hundred day moving average is $126.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick ratio of 6.01. The stock has a market cap of $16.84 billion, a PE ratio of 12.73, a P/E/G ratio of 4.54 and a beta of 0.90.

Sun Communities (NYSE:SUI) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. The business had revenue of $515.20 million for the quarter, compared to the consensus estimate of $509.40 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. 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. Equities analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on SUI shares. Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Deutsche Bank Aktiengesellschaft raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Tuesday, January 20th. Truist Financial boosted their price objective on shares of Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Morgan Stanley cut their target price on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group set a $142.00 target price on Sun Communities and gave the company a “buy” rating in a report on Monday, November 3rd. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $138.77.

Insider Buying and Selling at Sun Communities

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 Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.77% 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.