Delta Global Management LP Takes $2.40 Million Position in Sun Communities, Inc. $SUI

Delta Global Management LP bought a new stake in Sun Communities, Inc. (NYSE:SUI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,395 shares of the real estate investment trust’s stock, valued at approximately $2,403,000.

Several other institutional investors also recently bought and sold shares of SUI. Norges Bank acquired a new stake in Sun Communities in the fourth quarter valued at approximately $753,364,000. Wellington Management Group LLP boosted its stake 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 acquiring an additional 4,147,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Sun Communities by 37,933.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock valued at $182,663,000 after acquiring an additional 1,470,286 shares in the last quarter. M&T Bank Corp boosted its stake 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 acquiring an additional 495,902 shares in the last quarter. Finally, Millennium Management LLC boosted its stake 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 acquiring an additional 379,877 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Sun Communities Trading Down 2.1%

NYSE SUI opened at $124.26 on Tuesday. The company has a fifty day simple moving average of $126.04 and a two-hundred day simple moving average of $127.31. The stock has a market cap of $15.31 billion, a P/E ratio of 11.29, a P/E/G ratio of 4.17 and a beta of 0.80. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85. 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 posted its quarterly earnings results 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). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $472.40 million. During the same period in the prior year, the business posted $1.26 EPS. The company’s quarterly revenue 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. On average, analysts forecast that Sun Communities, Inc. will post 6.94 earnings per share for the current year.

Sun Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Sun Communities’s dividend payout ratio (DPR) is 40.69%.

Insider Activity

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the completion of the transaction, the executive vice president owned 9,998 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. 1.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SUI has been the subject of several recent analyst reports. Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Friday, May 22nd. Zelman & Associates initiated coverage on shares of Sun Communities in a research note on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price for the company. Wells Fargo & Company lowered their target price on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Sun Communities in a research note on Thursday, May 14th. Finally, Citigroup raised their target price on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Sun Communities presently has a consensus rating of “Moderate Buy” and an average target price of $141.13.

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.