Sun Communities (NYSE:SUI) EVP Sells $2,955,212.50 in Stock

Sun Communities, Inc. (NYSE:SUI) EVP Fernando Castro-Caratini sold 23,750 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total value of $2,955,212.50. Following the sale, the executive vice president owned 9,998 shares in the company, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sun Communities Price Performance

Shares of Sun Communities stock opened at $123.47 on Friday. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 4.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. The stock has a 50 day moving average price of $127.02 and a 200-day moving average price of $127.55. Sun Communities, Inc. has a one year low of $115.53 and a one year high of $137.85.

Sun Communities (NYSE:SUI) last released its quarterly earnings results 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). The company had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. 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. Equities analysts expect that Sun Communities, Inc. will post 6.92 EPS for the current year.

Sun Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $1.12 dividend. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date was Tuesday, March 31st. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. Sun Communities’s dividend payout ratio (DPR) is 40.69%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SUI. AQR Capital Management LLC grew its stake in Sun Communities by 17.8% in the 1st quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock worth $1,554,000 after acquiring an additional 1,827 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Sun Communities by 21.1% during the first quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust’s stock valued at $25,128,000 after acquiring an additional 33,981 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Sun Communities by 32.5% in the first quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock valued at $434,000 after purchasing an additional 829 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Sun Communities in the first quarter valued at approximately $362,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Sun Communities by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 673 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Analysts Set New Price Targets

SUI has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Mizuho assumed coverage on shares of Sun Communities in a research note on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 price objective for the company. Colliers Securities upgraded Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Friday, May 22nd. Barclays cut their target price on Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Finally, Evercore reiterated an “outperform” rating and issued a $144.00 price target on shares of Sun Communities in a report on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Sun Communities currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.27.

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.