Sun Communities, Inc. $SUI Shares Sold by Whittier Trust Co.
by Doug Wharley · The Cerbat GemWhittier Trust Co. lowered its stake in Sun Communities, Inc. (NYSE:SUI – Free Report) by 6.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 243,147 shares of the real estate investment trust’s stock after selling 18,104 shares during the quarter. Whittier Trust Co.’s holdings in Sun Communities were worth $31,643,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position 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 valued at $2,281,937,000 after acquiring an additional 93,170 shares in the last quarter. Dodge & Cox boosted its stake in shares of Sun Communities by 4.0% in the second quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock valued at $1,796,001,000 after purchasing an additional 550,940 shares during the period. Norges Bank acquired a new stake in Sun Communities during the 2nd quarter valued at $925,926,000. State Street Corp increased its stake in Sun Communities by 1.3% during the 2nd quarter. State Street Corp now owns 5,169,350 shares of the real estate investment trust’s stock worth $659,148,000 after buying an additional 67,954 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Sun Communities by 4.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,775,910 shares of the real estate investment trust’s stock worth $351,125,000 after buying an additional 128,334 shares during the period. 99.59% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Sun Communities
In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $126.24, for a total value of $504,960.00. Following the sale, the director directly owned 26,000 shares of the company’s stock, valued at $3,282,240. This trade represents a 13.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary A. Shiffman sold 156,875 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were 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. 1.77% of the stock is currently owned by corporate insiders.
Sun Communities Price Performance
Shares of NYSE SUI opened at $126.45 on Friday. 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 company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 4.17 and a beta of 0.90. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.77. The business has a 50 day simple moving average of $125.38 and a 200-day simple moving average of $125.66.
Sun Communities (NYSE:SUI – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.10. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The firm had revenue of $697.20 million during the quarter, compared to the consensus estimate of $713.32 million. During the same quarter in the previous year, the company posted $2.34 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. 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. As a group, equities research analysts expect that Sun Communities, Inc. will post 6.77 earnings per share for the current year.
Sun Communities Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, December 31st. Sun Communities’s payout ratio is presently 52.13%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on SUI shares. Deutsche Bank Aktiengesellschaft raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Tuesday. UBS Group raised their price objective on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Truist Financial upped their target price on Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Wall Street Zen raised shares of Sun Communities from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Jefferies Financial Group set a $142.00 price target on shares of Sun Communities and gave the company a “buy” rating in a report on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $137.46.
View Our Latest Stock Report on SUI
Sun Communities Company 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.
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