Greenland Capital Management LP Has $333,000 Stock Holdings in Sun Communities, Inc. $SUI

Greenland Capital Management LP trimmed its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 81.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,636 shares of the real estate investment trust’s stock after selling 11,351 shares during the period. Greenland Capital Management LP’s holdings in Sun Communities were worth $333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Sun Communities by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,040,455 shares of the real estate investment trust’s stock worth $2,281,937,000 after purchasing an additional 93,170 shares during the last quarter. Capital Square LLC boosted its holdings in shares of Sun Communities by 2.0% in the second quarter. Capital Square LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,690,000 after buying an additional 260 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Sun Communities by 2.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 208,759 shares of the real estate investment trust’s stock worth $26,406,000 after purchasing an additional 5,700 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Sun Communities by 4.5% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 546,380 shares of the real estate investment trust’s stock worth $69,112,000 after buying an additional 23,558 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. acquired a new position in Sun Communities during the second quarter worth $16,185,000. 99.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $126.24, for a total transaction of $504,960.00. Following the completion of the sale, the director directly owned 26,000 shares in the company, valued at approximately $3,282,240. This trade represents a 13.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.89% of the company’s stock.

Sun Communities Stock Performance

NYSE SUI opened at $125.48 on Thursday. The stock has a fifty day simple moving average of $126.10 and a 200 day simple moving average of $125.48. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.77. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 4.05 and a beta of 0.86. The company has a quick ratio of 7.08, a current ratio of 7.08 and a debt-to-equity ratio of 0.55.

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

Sun Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.16 dividend on an annualized basis and a yield of 3.3%. Sun Communities’s dividend payout ratio is 52.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Truist Financial upped their price objective on Sun Communities from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank Of Canada lifted their price target on Sun Communities from $142.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, October 8th. Wall Street Zen raised shares of Sun Communities from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Morgan Stanley set a $142.00 target price on Sun Communities in a report on Thursday, September 4th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sun Communities currently has a consensus rating of “Hold” and an average target price of $137.83.

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.