Ilmarinen Mutual Pension Insurance Co Invests $1.55 Million in Sun Communities, Inc. $SUI

Ilmarinen Mutual Pension Insurance Co purchased a new position in Sun Communities, Inc. (NYSE:SUI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,500 shares of the real estate investment trust’s stock, valued at approximately $1,549,000.

Several other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Sun Communities by 1,226.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 184 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Sun Communities in the third quarter valued at $27,000. Fulcrum Asset Management LLP purchased a new position in shares of Sun Communities during the 3rd quarter valued at $27,000. Global X Japan Co. Ltd. purchased a new position in shares of Sun Communities during the 4th quarter valued at $33,000. Finally, Assetmark Inc. increased its holdings in Sun Communities by 55.7% in the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Insider Buying and Selling at Sun Communities

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the sale, the executive vice president owned 9,998 shares in the company, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Clunet R. Lewis sold 3,800 shares of Sun Communities stock in a transaction on 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 of the company’s stock, valued at $2,287,280.17. This represents a 18.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 30,750 shares of company stock valued at $3,907,731. Insiders own 1.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial dropped their price objective on shares of Sun Communities from $147.00 to $141.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Barclays lowered their price target on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Zelman & Associates started coverage on shares of Sun Communities in a report on Monday, March 16th. They issued an “outperform” rating and a $127.75 price objective for the company. Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Friday, May 22nd. Finally, Weiss Ratings cut shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.27.

Sun Communities Stock Down 1.2%

Shares of NYSE SUI opened at $123.47 on Friday. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. The company has a market cap of $15.22 billion, a P/E ratio of 11.21, a P/E/G ratio of 4.12 and a beta of 0.82. Sun Communities, Inc. has a 52 week low of $115.53 and a 52 week high of $137.85. The business has a 50-day simple moving average of $127.02 and a two-hundred day simple moving average of $127.55.

Sun Communities (NYSE:SUI) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($1.38). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The company had revenue of $500.50 million for the quarter, compared to the consensus estimate of $472.40 million. During the same quarter in the prior year, the company earned $1.26 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. Research analysts anticipate that Sun Communities, Inc. will post 6.92 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $1.12 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $4.48 annualized dividend and a yield of 3.6%. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s dividend payout ratio is currently 40.69%.

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.