Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 5,000 Shares of Sun Communities, Inc. $SUI

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Sun Communities, Inc. (NYSE:SUI) by 18.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,108 shares of the real estate investment trust’s stock after purchasing an additional 5,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sun Communities were worth $4,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Sun Communities by 23.8% in the first quarter. GAMMA Investing LLC now owns 1,047 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 201 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Sun Communities by 9.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,042 shares of the real estate investment trust’s stock valued at $520,000 after acquiring an additional 365 shares in the last quarter. Bessemer Group Inc. boosted its position in Sun Communities by 11.6% during the 1st quarter. Bessemer Group Inc. now owns 1,153 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 120 shares in the last quarter. Amalgamated Bank boosted its position in Sun Communities by 7.3% during the 1st quarter. Amalgamated Bank now owns 6,755 shares of the real estate investment trust’s stock valued at $869,000 after acquiring an additional 462 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Sun Communities by 7.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,487 shares of the real estate investment trust’s stock valued at $4,822,000 after acquiring an additional 2,705 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.

Sun Communities Stock Up 2.7%

Sun Communities stock opened at $122.78 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.08 and a quick ratio of 7.08. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 4.05 and a beta of 0.86. Sun Communities, Inc. has a 1-year low of $109.22 and a 1-year high of $137.77. The business has a fifty day moving average price of $126.48 and a 200-day moving average price of $125.27.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.10. The firm had revenue of $697.20 million during the quarter, compared to analysts’ expectations of $713.32 million. Sun Communities had a negative return on equity of 4.51% and a net margin of 42.58%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.34 EPS. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS. FY 2025 guidance at 6.590-6.670 EPS. Equities research analysts forecast that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.4%. Sun Communities’s payout ratio is 40.70%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Truist Financial increased their target price on Sun Communities from $137.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, October 8th. Robert W. Baird increased their target price on Sun Communities from $126.00 to $134.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. Finally, Evercore ISI increased their target price on Sun Communities from $136.00 to $138.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $137.86.

Sun Communities Company Profile

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.