Whittier Trust Co. of Nevada Inc. Lowers Stock Position in Sun Communities, Inc. $SUI

Whittier Trust Co. of Nevada Inc. reduced its position in shares of Sun Communities, Inc. (NYSE:SUI) by 17.8% during the first quarter, Holdings Channel reports. The firm owned 90,800 shares of the real estate investment trust’s stock after selling 19,615 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Sun Communities were worth $11,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SUI. Norges Bank bought a new stake in Sun Communities in the 4th quarter worth about $753,364,000. Wellington Management Group LLP lifted its position in shares of Sun Communities by 1,224.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock worth $578,668,000 after buying an additional 4,147,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Sun Communities by 37,933.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock worth $182,663,000 after buying an additional 1,470,286 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Sun Communities by 20,348.9% in the 4th quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock worth $61,749,000 after buying an additional 495,902 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Sun Communities by 152.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 767,190 shares of the real estate investment trust’s stock worth $95,063,000 after buying an additional 463,312 shares during the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Sun Communities Stock Up 0.0%

Sun Communities stock opened at $123.66 on Monday. Sun Communities, Inc. has a twelve month low of $115.53 and a twelve month high of $137.85. The firm has a 50 day moving average price of $123.74 and a 200-day moving average price of $126.79. The company has a market capitalization of $15.24 billion, a P/E ratio of 11.23, a P/E/G ratio of 4.07 and a beta of 0.79. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. During the same period last year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. 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. As a group, equities analysts predict that Sun Communities, Inc. will post 6.93 EPS for the current year.

Sun Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $1.12 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. Sun Communities’s payout ratio is presently 40.69%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zelman & Associates started coverage on Sun Communities in a report on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price for the company. Wells Fargo & Company dropped their price target on Sun Communities from $150.00 to $142.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Truist Financial reduced their price objective on Sun Communities from $141.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Barclays decreased their target price on Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Finally, Jefferies Financial Group upgraded Sun Communities to a “strong-buy” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $140.48.

Insider Buying and Selling at Sun Communities

In other news, Director Gary A. Shiffman sold 25,031 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the transaction, the director owned 857,761 shares in the company, valued at approximately $102,897,009.56. This represents a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.58% of the company’s stock.

Sun Communities 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.