VIRGINIA RETIREMENT SYSTEMS ET Al Has $3.25 Million Stake in Sun Communities, Inc. $SUI

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Sun Communities, Inc. (NYSE:SUI) by 20.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 25,180 shares of the real estate investment trust’s stock after selling 6,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Sun Communities were worth $3,248,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SUI. Permanent Capital Management LP bought a new stake in shares of Sun Communities in the third quarter valued at about $390,000. CWM LLC raised its position in Sun Communities by 11.4% in the 3rd quarter. CWM LLC now owns 2,736 shares of the real estate investment trust’s stock valued at $353,000 after buying an additional 280 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Sun Communities in the 3rd quarter valued at approximately $37,000. World Investment Advisors boosted its position in Sun Communities by 12.5% during the 3rd quarter. World Investment Advisors now owns 1,911 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 213 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its stake in shares of Sun Communities by 0.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 44,396 shares of the real estate investment trust’s stock worth $5,713,000 after acquiring an additional 256 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.

Insider Buying and Selling

In related news, Director Clunet R. Lewis sold 4,000 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $126.24, for a total value of $504,960.00. Following the sale, the director owned 26,000 shares in the company, valued at approximately $3,282,240. This represents a 13.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary A. Shiffman sold 156,875 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The SEC filing for this sale provides additional information. 1.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on SUI. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, October 8th. Jefferies Financial Group set a $142.00 price target on shares of Sun Communities and gave the company a “buy” rating in a research note on Monday, November 3rd. Royal Bank Of Canada increased their price objective on shares of Sun Communities from $142.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Barclays raised their price objective on Sun Communities from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Finally, Truist Financial upped their target price on Sun Communities from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $137.42.

Sun Communities Stock Performance

Shares of SUI opened at $123.95 on Friday. The company has a market cap of $15.33 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 4.29 and a beta of 0.90. The firm has a 50-day moving average of $125.22 and a 200-day moving average of $125.86. Sun Communities, Inc. has a one year low of $109.22 and a one year high of $137.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick ratio of 6.01.

Sun Communities (NYSE:SUI) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.10. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The company had revenue of $697.20 million for the quarter, compared to analysts’ expectations of $713.32 million. During the same period in the prior year, the firm earned $2.34 EPS. Sun Communities’s quarterly revenue was up 2.5% compared to the same quarter last year. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS. As a group, equities analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, December 31st. Sun Communities’s payout ratio is currently 52.13%.

Sun Communities Company 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.