Meeder Asset Management Inc. Has $10.08 Million Holdings in Sun Communities, Inc. $SUI

Meeder Asset Management Inc. increased its position in shares of Sun Communities, Inc. (NYSE:SUI) by 69,662.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,134 shares of the real estate investment trust’s stock after purchasing an additional 78,022 shares during the quarter. Meeder Asset Management Inc. owned 0.06% of Sun Communities worth $10,079,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Sun Communities by 8.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,131 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 84 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Sun Communities by 9.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 84 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Sun Communities by 0.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 23,102 shares of the real estate investment trust’s stock valued at $2,922,000 after purchasing an additional 113 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in Sun Communities by 1.3% during the second quarter. Orion Porfolio Solutions LLC now owns 9,335 shares of the real estate investment trust’s stock valued at $1,181,000 after purchasing an additional 117 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Sun Communities by 26.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 673 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 141 shares during the last quarter. 99.59% of the stock is owned by institutional investors.

Sun Communities Stock Performance

NYSE:SUI opened at $126.07 on Monday. The stock’s 50-day moving average is $125.22 and its 200-day moving average is $125.74. The stock has a market cap of $15.59 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 4.16 and a beta of 0.90. Sun Communities, Inc. has a 1-year low of $109.22 and a 1-year high of $137.77. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.58.

Sun Communities (NYSE:SUI) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping the consensus estimate 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 business had revenue of $697.20 million for the quarter, compared to the consensus estimate of $713.32 million. During the same period last year, the company earned $2.34 EPS. The firm’s 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. Equities research analysts anticipate that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, December 31st will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Sun Communities’s dividend payout ratio (DPR) is currently 52.13%.

Insider Activity

In other news, Director Clunet R. Lewis sold 4,000 shares of the firm’s 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 transaction, the director directly owned 26,000 shares in the company, valued at $3,282,240. This trade represents a 13.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary A. Shiffman sold 156,875 shares of Sun Communities stock in a transaction that occurred on Wednesday, December 17th. The stock was 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.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SUI shares. Wells Fargo & Company lifted their price target on Sun Communities from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Evercore ISI increased their target price on shares of Sun Communities from $136.00 to $138.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Morgan Stanley reduced their price target on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Barclays upped their price objective on shares of Sun Communities from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Finally, Truist Financial raised their target price on shares of Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sun Communities has a consensus rating of “Hold” and a consensus target price of $136.62.

About Sun Communities

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.