Arbejdsmarkedets Tillaegspension Acquires New Stake in Sun Communities, Inc. $SUI

Arbejdsmarkedets Tillaegspension bought a new position in Sun Communities, Inc. (NYSE:SUI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 189,036 shares of the real estate investment trust’s stock, valued at approximately $23,423,000.

A number of other large investors have also added to or reduced their stakes in SUI. Wellington Management Group LLP increased its holdings in Sun Communities by 1,224.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock worth $578,668,000 after buying an additional 4,147,015 shares during the period. M&T Bank Corp grew its position in Sun Communities by 20,348.9% during the 4th quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock worth $61,749,000 after purchasing an additional 495,902 shares during the period. Millennium Management LLC grew its position in Sun Communities by 124.4% during the 3rd quarter. Millennium Management LLC now owns 685,324 shares of the real estate investment trust’s stock worth $88,407,000 after purchasing an additional 379,877 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Sun Communities during the 3rd quarter valued at about $42,260,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Sun Communities during the 3rd quarter valued at about $39,200,000. 99.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SUI. Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $133.00 to $150.00 in a research note on Friday, February 27th. Mizuho began coverage on Sun Communities in a research report on Tuesday, March 31st. They set an “outperform” rating and a $143.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Sun Communities in a report on Thursday. Barclays raised their price objective on shares of Sun Communities from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Finally, Citigroup lifted their target price on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.45.

Insider Buying and Selling

In other Sun Communities news, Director Clunet R. Lewis sold 3,800 shares of Sun Communities stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $136.01, for a total value of $516,838.00. Following the completion of the transaction, the director directly owned 16,817 shares of the company’s stock, valued at $2,287,280.17. The trade was a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.58% of the stock is owned by company insiders.

Sun Communities Trading Down 1.3%

Shares of Sun Communities stock opened at $120.34 on Friday. Sun Communities, Inc. has a 1-year low of $115.53 and a 1-year high of $137.85. The stock has a market cap of $14.83 billion, a P/E ratio of 10.93, a P/E/G ratio of 3.22 and a beta of 0.82. The stock’s 50 day simple moving average is $129.17 and its 200-day simple moving average is $127.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39.

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 analysts’ consensus estimates of $1.31 by ($1.38). The business had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. 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. Analysts predict that Sun Communities, Inc. will post 6.95 EPS for the current fiscal year.

Sun Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $1.12 per share. This is a positive change from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date was Tuesday, March 31st. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. Sun Communities’s dividend payout ratio (DPR) is 40.69%.

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.