Presima Securities ULC Has $15.55 Million Position in Sun Communities, Inc. $SUI

Presima Securities ULC lowered its holdings in Sun Communities, Inc. (NYSE:SUI) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,920 shares of the real estate investment trust’s stock after selling 2,174 shares during the quarter. Sun Communities comprises about 3.6% of Presima Securities ULC’s investment portfolio, making the stock its 12th largest position. Presima Securities ULC owned 0.10% of Sun Communities worth $15,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Twin Tree Management LP acquired a new position in Sun Communities in the first quarter worth $29,000. Ransom Advisory Ltd acquired a new position in Sun Communities in the first quarter worth $31,000. GKV Capital Management Co. Inc. acquired a new position in Sun Communities in the first quarter worth $42,000. V Square Quantitative Management LLC acquired a new position in Sun Communities in the second quarter worth $47,000. Finally, Avalon Trust Co acquired a new position in Sun Communities in the first quarter worth $65,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Trading Up 3.0%

NYSE SUI opened at $126.52 on Friday. The stock has a 50-day simple moving average of $126.47 and a 200 day simple moving average of $125.29. The company has a market capitalization of $15.83 billion, a PE ratio of 15.85, a P/E/G ratio of 4.05 and a beta of 0.86. The company has a current ratio of 7.08, a quick ratio of 7.08 and a debt-to-equity ratio of 0.55. Sun Communities, Inc. has a 12 month low of $109.22 and a 12 month high of $137.77.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.10. The business had revenue of $697.20 million during the quarter, compared to the consensus estimate of $713.32 million. Sun Communities had a negative return on equity of 4.51% and a net margin of 42.58%.The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.34 earnings per share. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS. FY 2025 guidance at 6.590-6.670 EPS. Research analysts forecast that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders 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 3.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Sun Communities’s payout ratio is presently 52.13%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Sun Communities from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial boosted their target price on Sun Communities from $137.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Evercore ISI boosted their target price on Sun Communities from $136.00 to $138.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Morgan Stanley set a $142.00 target price on Sun Communities in a research report on Thursday, September 4th. Finally, Wells Fargo & Company dropped their target price on Sun Communities from $135.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $137.86.

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.