Focus Partners Advisor Solutions LLC Has $1.71 Million Stock Holdings in Sun Communities, Inc. $SUI

Focus Partners Advisor Solutions LLC decreased its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,495 shares of the real estate investment trust’s stock after selling 500 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Sun Communities were worth $1,707,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Versor Investments LP raised its holdings in Sun Communities by 92.5% during the first quarter. Versor Investments LP now owns 6,545 shares of the real estate investment trust’s stock worth $842,000 after buying an additional 3,145 shares during the last quarter. GAMMA Investing LLC raised its holdings in Sun Communities by 23.8% during the first quarter. GAMMA Investing LLC now owns 1,047 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 201 shares during the last quarter. Bessemer Group Inc. raised its holdings in Sun Communities by 11.6% during the first quarter. Bessemer Group Inc. now owns 1,153 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 120 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Sun Communities by 9.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,042 shares of the real estate investment trust’s stock valued at $520,000 after acquiring an additional 365 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Sun Communities during the 1st quarter valued at $2,392,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SUI shares. Evercore ISI raised their price objective on Sun Communities from $136.00 to $138.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Wells Fargo & Company dropped their price objective on Sun Communities from $135.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Jefferies Financial Group upgraded Sun Communities to a “strong-buy” rating in a research note on Monday, October 20th. Truist Financial raised their price objective on Sun Communities from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Robert W. Baird raised their price objective on Sun Communities from $126.00 to $134.00 and gave the company a “neutral” rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sun Communities presently has an average rating of “Hold” and an average price target of $137.86.

Sun Communities Trading Up 0.6%

NYSE SUI opened at $124.03 on Monday. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 6.37 and a beta of 0.86. Sun Communities, Inc. has a one year low of $109.22 and a one year high of $138.73. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.08 and a quick ratio of 7.08. The business’s fifty day moving average is $126.81 and its 200-day moving average is $125.24.

Sun Communities (NYSE:SUI) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. The company had revenue of $623.50 million for the quarter, compared to analysts’ expectations of $614.79 million. Sun Communities had a negative return on equity of 0.60% and a net margin of 48.86%.During the same period in the previous year, the business posted $1.86 EPS. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. Equities research analysts predict that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, September 30th. Sun Communities’s payout ratio is currently 40.70%.

Sun Communities Company Profile

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.