Sun Communities, Inc. $SUI Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 207.6% in the second quarter, Holdings Channel.com reports. The fund owned 16,311 shares of the real estate investment trust’s stock after buying an additional 11,009 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Sun Communities were worth $2,063,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Versor Investments LP raised its holdings in shares of Sun Communities by 92.5% during the first quarter. Versor Investments LP now owns 6,545 shares of the real estate investment trust’s stock valued at $842,000 after acquiring an additional 3,145 shares during the period. Aew Capital Management L P grew its position in Sun Communities by 7.2% during the 2nd quarter. Aew Capital Management L P now owns 205,190 shares of the real estate investment trust’s stock worth $25,954,000 after purchasing an additional 13,730 shares in the last quarter. Deutsche Bank AG grew its position in Sun Communities by 103.7% during the 1st quarter. Deutsche Bank AG now owns 1,611,425 shares of the real estate investment trust’s stock worth $207,294,000 after purchasing an additional 820,422 shares in the last quarter. American National Bank & Trust acquired a new stake in Sun Communities during the 2nd quarter valued at $759,000. Finally, GW&K Investment Management LLC raised its stake in Sun Communities by 0.5% during the 1st quarter. GW&K Investment Management LLC now owns 427,329 shares of the real estate investment trust’s stock valued at $54,972,000 after purchasing an additional 2,293 shares during the period. 99.59% of the stock is owned by institutional investors.

Sun Communities Price Performance

SUI opened at $126.62 on Monday. The stock has a fifty day moving average price of $126.38 and a 200 day moving average price of $125.43. The company has a current ratio of 7.08, a quick ratio of 7.08 and a debt-to-equity ratio of 0.55. Sun Communities, Inc. has a 1 year low of $109.22 and a 1 year high of $137.77. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 4.05 and a beta of 0.86.

Sun Communities (NYSE:SUI) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.10. The company had revenue of $697.20 million for the quarter, compared to analyst estimates 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 revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Analysts forecast that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $1.04 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $4.16 dividend on an annualized basis and a yield of 3.3%. Sun Communities’s payout ratio is 52.13%.

Wall Street Analyst Weigh In

SUI has been the subject of several recent analyst reports. Wall Street Zen raised Sun Communities from a “sell” rating to a “hold” rating in a research report on Sunday. Jefferies Financial Group set a $142.00 price objective on Sun Communities and gave the stock a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, October 8th. Robert W. Baird lifted their target price on Sun Communities from $126.00 to $134.00 and gave the company a “neutral” rating in a research note on Monday, August 11th. Finally, Morgan Stanley set a $142.00 target price on Sun Communities in a report on Thursday, September 4th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sun Communities currently has an average rating of “Hold” and a consensus target price of $137.23.

About Sun Communities

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.