Thrivent Financial for Lutherans Acquires 17,140 Shares of Sun Communities, Inc. $SUI

Thrivent Financial for Lutherans grew its holdings in Sun Communities, Inc. (NYSE:SUI) by 474.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,749 shares of the real estate investment trust’s stock after purchasing an additional 17,140 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sun Communities were worth $2,571,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Sun Communities by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock valued at $2,359,404,000 after purchasing an additional 249,501 shares during the last quarter. Dodge & Cox raised its position in shares of Sun Communities by 2.0% in the 3rd quarter. Dodge & Cox now owns 14,480,815 shares of the real estate investment trust’s stock valued at $1,868,025,000 after acquiring an additional 282,055 shares during the period. State Street Corp raised its position in shares of Sun Communities by 4.2% in the 3rd quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock valued at $699,862,000 after acquiring an additional 214,634 shares during the period. Wellington Management Group LLP raised its position in shares of Sun Communities by 1,224.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock valued at $578,668,000 after acquiring an additional 4,147,015 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Sun Communities by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,788,913 shares of the real estate investment trust’s stock worth $230,770,000 after buying an additional 51,404 shares during the period. Institutional investors own 99.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Sun Communities from $148.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Barclays dropped their target price on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Sun Communities in a report on Thursday, May 14th. Citigroup raised their target price on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Zelman & Associates assumed coverage on shares of Sun Communities in a report on Monday, March 16th. They set an “outperform” rating and a $127.75 target price on the stock. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Sun Communities has an average rating of “Moderate Buy” and an average price target of $141.84.

Insider Buying and Selling

In other news, Director Clunet R. Lewis sold 3,800 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $136.01, for a total value of $516,838.00. Following the completion of the sale, the director owned 16,817 shares of the company’s stock, valued at approximately $2,287,280.17. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.58% of the stock is currently owned by company insiders.

Sun Communities Price Performance

NYSE SUI opened at $127.82 on Monday. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85. The company has a market capitalization of $15.75 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 3.46 and a beta of 0.82. The firm’s 50 day moving average is $127.94 and its 200-day moving average is $127.56.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business had revenue of $500.50 million during the quarter, compared to analyst estimates of $472.40 million. During the same quarter last year, the business earned $1.26 earnings per share. Sun Communities’s revenue for the quarter 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. Equities research analysts anticipate that Sun Communities, Inc. will post 6.92 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Tuesday, March 31st. Sun Communities’s dividend payout ratio (DPR) is presently 40.69%.

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.