32,408 Shares in Sun Communities, Inc. $SUI Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Sun Communities, Inc. (NYSE:SUI) during the fourth quarter, Holdings Channel reports. The firm acquired 32,408 shares of the real estate investment trust’s stock, valued at approximately $4,016,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SUI. Norges Bank purchased a new stake in shares of Sun Communities in the fourth quarter worth $753,364,000. Wellington Management Group LLP raised its position in shares of Sun Communities by 1,224.1% in the third 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. M&T Bank Corp raised its position in shares of Sun Communities by 20,348.9% in the fourth 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 in the last quarter. Millennium Management LLC raised its position in shares of Sun Communities by 124.4% in the third quarter. Millennium Management LLC now owns 685,324 shares of the real estate investment trust’s stock worth $88,407,000 after buying an additional 379,877 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Sun Communities in the third quarter worth $42,260,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Stock Down 1.2%

Shares of NYSE:SUI opened at $122.18 on Tuesday. The stock’s 50-day moving average price is $126.15 and its 200-day moving average price is $127.37. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85. The stock has a market capitalization of $15.06 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 4.06 and a beta of 0.80. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the business posted $1.26 earnings per share. The firm’s quarterly revenue 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. On average, equities analysts anticipate that Sun Communities, Inc. will post 6.94 earnings per share for the current year.

Sun Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. Sun Communities’s dividend payout ratio (DPR) is presently 40.69%.

Analyst Upgrades and Downgrades

SUI has been the topic of a number of recent analyst reports. Robert W. Baird increased their price objective on Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Truist Financial lowered their price target on Sun Communities from $147.00 to $141.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Colliers Securities upgraded Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Friday, May 22nd. Citigroup raised their price target on Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada lowered their price target on Sun Communities from $151.00 to $149.00 and set an “outperform” rating on the stock in a research report on Friday. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Sun Communities currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.13.

Insider Activity

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s 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 sale, the executive vice president directly owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.58% of the stock is owned by insiders.

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.