7,447 Shares in Sun Communities, Inc. $SUI Purchased by Inceptionr LLC

Inceptionr LLC acquired a new position in shares of Sun Communities, Inc. (NYSE:SUI) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 7,447 shares of the real estate investment trust’s stock, valued at approximately $961,000.

Other hedge funds also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Sun Communities in the third quarter worth approximately $27,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Sun Communities in the 2nd quarter valued at approximately $30,000. MAI Capital Management lifted its position in shares of Sun Communities by 164.4% in the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 166 shares in the last quarter. Assetmark Inc. boosted its stake in Sun Communities by 55.7% in 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 period. Finally, Harbor Capital Advisors Inc. purchased a new position in Sun Communities during the 3rd quarter worth approximately $37,000. 99.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SUI. Citigroup boosted their target price on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. UBS Group lifted their price target on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Robert W. Baird upped their price target on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, January 21st. Finally, Morgan Stanley decreased their price objective on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $140.86.

Sun Communities Stock Down 0.9%

SUI stock opened at $135.52 on Tuesday. The company has a 50 day moving average of $128.41 and a two-hundred day moving average of $126.89. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 4.55 and a beta of 0.87. Sun Communities, Inc. has a 12-month low of $109.22 and a 12-month high of $137.85. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The business had revenue of $515.20 million for the quarter, compared to analysts’ expectations of $509.40 million. During the same period in the previous year, the company posted $1.41 EPS. Sun Communities’s revenue was up .1% on a year-over-year basis. 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. On average, equities analysts anticipate that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sun Communities news, Director Clunet R. Lewis sold 3,200 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $136.15, for a total value of $435,680.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary A. Shiffman sold 156,875 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total value of $19,378,768.75. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 163,875 shares of company stock valued at $20,331,287. Insiders own 1.89% of the company’s stock.

Sun Communities 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.