Insider Selling: Sun Communities (NYSE:SUI) EVP Sells 23,750 Shares of Stock

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

Sun Communities Stock Up 0.3%

NYSE:SUI traded up $0.31 during trading hours on Wednesday, reaching $125.18. The company had a trading volume of 371,556 shares, compared to its average volume of 806,150. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 3.47 and a beta of 0.82. The business’s 50-day simple moving average is $127.60 and its two-hundred day simple moving average is $127.58. Sun Communities, Inc. has a twelve month low of $115.53 and a twelve month high of $137.85. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) 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 analyst estimates of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, equities analysts expect that Sun Communities, Inc. will post 6.92 earnings per share for the current year.

Sun Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $1.12 per share. This is an increase from Sun Communities’s previous quarterly dividend of $1.04. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, March 31st. Sun Communities’s dividend payout ratio is 40.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SUI. AQR Capital Management LLC boosted its holdings in Sun Communities by 17.8% during the first quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock worth $1,554,000 after purchasing an additional 1,827 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in 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 worth $25,128,000 after purchasing an additional 33,981 shares during the last quarter. Empowered Funds LLC boosted its holdings in Sun Communities by 32.5% during the first quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 829 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Sun Communities during the first quarter worth about $362,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Sun Communities by 26.5% during 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 during the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SUI shares. Truist Financial reduced their price objective on shares of Sun Communities from $147.00 to $141.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Mizuho started coverage on shares of Sun Communities in a report on Tuesday, March 31st. They set an “outperform” rating and a $143.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on shares of Sun Communities in a report on Thursday, May 14th. Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Friday, May 22nd. Finally, Barclays reduced their price objective on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. 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, Sun Communities has an average rating of “Moderate Buy” and a consensus price target of $141.84.

About Sun Communities

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.