Strs Ohio Trims Stock Holdings in Sun Communities, Inc. $SUI

Strs Ohio reduced its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 65.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 55,625 shares of the real estate investment trust’s stock after selling 106,635 shares during the quarter. Strs Ohio’s holdings in Sun Communities were worth $7,176,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Sun Communities

In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were 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 $3,282,240. This represents a 13.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction dated 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. Insiders own 1.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SUI shares. Jefferies Financial Group set a $142.00 price target on shares of Sun Communities and gave the stock a “buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada raised their price target on shares of Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Wells Fargo & Company upped their price target on shares of Sun Communities from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Robert W. Baird increased their price objective on Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $137.46.

Sun Communities Price Performance

Shares of NYSE:SUI opened at $125.04 on Tuesday. The company’s fifty day moving average price is $125.37 and its 200-day moving average price is $125.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick ratio of 6.01. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 4.17 and a beta of 0.90. Sun Communities, Inc. has a one year low of $109.22 and a one year high of $137.77.

Sun Communities (NYSE:SUI) last announced its 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. 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 during the quarter, compared to analyst estimates of $713.32 million. During the same period in the previous year, the business earned $2.34 earnings per share. The firm’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. On average, equities research analysts anticipate that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Announces Dividend

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

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.