North Dakota State Investment Board Makes New $551,000 Investment in Sun Communities, Inc. $SUI

North Dakota State Investment Board acquired a new position in Sun Communities, Inc. (NYSE:SUI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,448 shares of the real estate investment trust’s stock, valued at approximately $551,000.

Other institutional investors have also added to or reduced their stakes in the company. Allstate Corp bought a new position in Sun Communities in the third quarter worth $659,000. Vanguard Group Inc. raised its holdings in Sun Communities by 1.4% in the third quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock worth $2,359,404,000 after purchasing an additional 249,501 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in Sun Communities in the third quarter worth $1,527,000. Baillie Gifford & Co. raised its holdings in Sun Communities by 26.6% in the third quarter. Baillie Gifford & Co. now owns 48,210 shares of the real estate investment trust’s stock worth $6,219,000 after purchasing an additional 10,127 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Sun Communities in the third quarter worth $3,406,000. Institutional investors own 99.59% of the company’s stock.

Sun Communities Trading Up 2.6%

NYSE SUI opened at $126.14 on Friday. Sun Communities, Inc. has a 12 month low of $115.53 and a 12 month high of $137.85. The stock has a market cap of $15.54 billion, a P/E ratio of 11.46, a P/E/G ratio of 3.34 and a beta of 0.82. The stock’s fifty day moving average price is $128.11 and its 200-day moving average price is $127.54. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last released its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $472.40 million. During the same period in the prior year, the company posted $1.26 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. As a group, equities analysts forecast that Sun Communities, Inc. will post 6.94 EPS for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Tuesday, March 31st. Sun Communities’s payout ratio is 40.69%.

Insider Activity at Sun Communities

In related news, Director Clunet R. Lewis sold 3,200 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SUI shares. Wells Fargo & Company raised Sun Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $133.00 to $150.00 in a research note on Friday, February 27th. Weiss Ratings cut Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Royal Bank Of Canada increased their target price on Sun Communities from $148.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Barclays increased their target price on Sun Communities from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Finally, Zelman & Associates started coverage on Sun Communities in a research note on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.48.

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.