Swedbank AB Has $19.47 Million Stake in Sun Communities, Inc. $SUI

Swedbank AB boosted its position in Sun Communities, Inc. (NYSE:SUI) by 21.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 157,113 shares of the real estate investment trust’s stock after purchasing an additional 27,700 shares during the period. Swedbank AB’s holdings in Sun Communities were worth $19,468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SUI. Wellington Management Group LLP lifted its holdings in Sun Communities by 1,224.1% in the third quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock valued at $578,668,000 after buying an additional 4,147,015 shares during the period. M&T Bank Corp lifted its holdings in Sun Communities by 20,348.9% in the fourth quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock valued at $61,749,000 after buying an additional 495,902 shares during the period. Millennium Management LLC lifted its holdings in Sun Communities by 124.4% in the third quarter. Millennium Management LLC now owns 685,324 shares of the real estate investment trust’s stock valued at $88,407,000 after buying an additional 379,877 shares during the period. Alyeska Investment Group L.P. acquired a new position in Sun Communities in the third quarter valued at $42,260,000. Finally, Balyasny Asset Management L.P. acquired a new position in Sun Communities in the third quarter valued at $39,200,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Price Performance

Shares of NYSE SUI opened at $127.82 on Tuesday. The firm’s 50-day moving average price is $127.80 and its 200-day moving average price is $127.58. Sun Communities, Inc. has a 1-year low of $115.53 and a 1-year high of $137.85. The firm has a market capitalization of $15.75 billion, a P/E ratio of 11.61, a P/E/G ratio of 3.46 and a beta of 0.82. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last announced its quarterly earnings data 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). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The company had revenue of $500.50 million for the quarter, compared to analyst estimates of $472.40 million. During the same quarter in the prior year, the company posted $1.26 EPS. Sun Communities’s revenue for the quarter was up 8.0% on a year-over-year basis. 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 research analysts anticipate that Sun Communities, Inc. will post 6.92 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $1.12 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s dividend payout ratio (DPR) is currently 40.69%.

Insider Buying and Selling at Sun Communities

In related news, Director Clunet R. Lewis sold 3,200 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $136.15, for a total value of $435,680.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SUI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on shares of Sun Communities in a report on Thursday, May 14th. Mizuho initiated coverage on shares of Sun Communities in a report on Tuesday, March 31st. They set an “outperform” rating and a $143.00 price objective on the stock. Citigroup upped their price objective 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. Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Friday. Finally, Evercore reiterated an “outperform” rating and set a $144.00 price objective on shares of Sun Communities in a report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $141.84.

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.