Mitsubishi UFJ Asset Management Co. Ltd. Buys 16,656 Shares of Sun Communities, Inc. $SUI

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Sun Communities, Inc. (NYSE:SUI) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 207,011 shares of the real estate investment trust’s stock after buying an additional 16,656 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Sun Communities were worth $26,704,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC acquired a new position in shares of Sun Communities in the second quarter worth approximately $30,000. MAI Capital Management raised its holdings in Sun Communities by 164.4% during the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 166 shares during the last quarter. Assetmark Inc. raised its holdings in Sun Communities by 55.7% during the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 97 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Sun Communities in the 3rd quarter worth approximately $37,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Sun Communities by 179.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 313 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 201 shares during the period. 99.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. 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 report on Thursday, November 6th. Truist Financial upped their price target 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. Deutsche Bank Aktiengesellschaft raised Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, January 20th. Wall Street Zen raised Sun Communities from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Jefferies Financial Group set a $142.00 target price on Sun Communities and gave the stock a “buy” rating in a research note on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $138.77.

Sun Communities Trading Up 0.7%

SUI opened at $136.71 on Monday. The company has a fifty day moving average price of $126.94 and a two-hundred day moving average price of $126.49. Sun Communities, Inc. has a 1-year low of $109.22 and a 1-year high of $137.84. The company has a market cap of $16.84 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 4.54 and a beta of 0.87. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.58.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $515.20 million for the quarter, compared to analysts’ expectations of $509.40 million. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 EPS. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. Analysts predict that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Sun Communities’s dividend payout ratio (DPR) is 38.73%.

Insider Activity at Sun Communities

In other news, Director Gary A. Shiffman sold 156,875 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.89% of the stock is currently owned by corporate insiders.

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.