Sun Communities, Inc. $SUI Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of Sun Communities, Inc. (NYSE:SUI) by 40.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 501,267 shares of the real estate investment trust’s stock after selling 336,789 shares during the period. JPMorgan Chase & Co.’s holdings in Sun Communities were worth $64,664,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its holdings in Sun Communities by 324.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,956 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 1,495 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Sun Communities during the 3rd quarter worth approximately $4,579,000. Danske Bank A S purchased a new position in shares of Sun Communities during the 3rd quarter worth approximately $7,508,000. Fulcrum Asset Management LLP acquired a new stake in shares of Sun Communities in the 3rd quarter valued at approximately $27,000. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Sun Communities in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Stock Performance

SUI opened at $131.24 on Friday. The stock has a market cap of $16.17 billion, a P/E ratio of 12.22, a P/E/G ratio of 4.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.43 and a quick ratio of 4.43. The stock’s 50 day simple moving average is $130.18 and its 200 day simple moving average is $127.35. Sun Communities, Inc. has a 1-year low of $109.22 and a 1-year high of $137.85.

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

Sun Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $1.12 per share. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.48 annualized dividend and a dividend yield of 3.4%. Sun Communities’s dividend payout ratio is presently 38.73%.

Wall Street Analysts Forecast Growth

SUI has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, January 21st. Wells Fargo & Company raised Sun Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $133.00 to $150.00 in a report on Friday, February 27th. Barclays boosted their target price on shares of Sun Communities from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Robert W. Baird upped their price target on shares of Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.98.

Insider Activity

In related 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 sale, the director directly owned 16,817 shares in the company, valued at $2,287,280.17. The trade was a 18.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.77% of the stock is owned by company 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.