Massachusetts Financial Services Co. MA Sells 1,909,932 Shares of Sun Communities, Inc. $SUI

Massachusetts Financial Services Co. MA cut its position in shares of Sun Communities, Inc. (NYSE:SUI) by 75.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 615,371 shares of the real estate investment trust’s stock after selling 1,909,932 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.49% of Sun Communities worth $79,383,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Sun Communities by 0.5% in the second quarter. Vanguard Group Inc. now owns 18,040,455 shares of the real estate investment trust’s stock worth $2,281,937,000 after buying an additional 93,170 shares in the last quarter. Dodge & Cox raised its stake in shares of Sun Communities by 4.0% during the second quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock worth $1,796,001,000 after acquiring an additional 550,940 shares in the last quarter. Norges Bank bought a new stake in shares of Sun Communities in the 2nd quarter worth approximately $925,926,000. State Street Corp boosted its stake in shares of Sun Communities by 1.3% in the 2nd quarter. State Street Corp now owns 5,169,350 shares of the real estate investment trust’s stock valued at $659,148,000 after purchasing an additional 67,954 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Sun Communities by 4.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,775,910 shares of the real estate investment trust’s stock valued at $351,125,000 after purchasing an additional 128,334 shares in the last quarter. 99.59% of the stock is owned by hedge funds and other institutional investors.

Sun Communities Stock Performance

Sun Communities stock opened at $125.99 on Wednesday. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.58. The firm has a market cap of $15.58 billion, a P/E ratio of 15.79, a P/E/G ratio of 4.30 and a beta of 0.90. Sun Communities, Inc. has a 1-year low of $109.22 and a 1-year high of $137.77. The firm has a 50-day moving average of $125.43 and a 200-day moving average of $125.69.

Sun Communities (NYSE:SUI) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.10. The business had revenue of $697.20 million during the quarter, compared to analyst estimates of $713.32 million. Sun Communities had a negative return on equity of 4.53% and a net margin of 42.58%.Sun Communities’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 EPS. 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. Sell-side analysts expect that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Announces Dividend

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

Analysts Set New Price Targets

SUI has been the topic of a number of analyst reports. Robert W. Baird lifted their target price on shares of Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. Jefferies Financial Group set a $142.00 price objective on Sun Communities and gave the stock a “buy” rating in a report on Monday, November 3rd. Truist Financial boosted their target price on Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Morgan Stanley reduced their price target on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Finally, Wells Fargo & Company lifted their price target on Sun Communities from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $137.46.

Insiders Place Their Bets

In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $126.24, for a total transaction of $504,960.00. Following the transaction, the director directly owned 26,000 shares of the company’s stock, valued at approximately $3,282,240. The trade was a 13.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary A. Shiffman sold 156,875 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. Additional details regarding this sale are available in the official SEC disclosure. 1.89% of the stock is currently owned by insiders.

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.