Meeder Asset Management Inc. Grows Position in Sun Communities, Inc. $SUI

Meeder Asset Management Inc. lifted its position in Sun Communities, Inc. (NYSE:SUI) by 45.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 97,715 shares of the real estate investment trust’s stock after purchasing an additional 30,473 shares during the period. Meeder Asset Management Inc.’s holdings in Sun Communities were worth $12,308,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SUI. Norges Bank bought a new stake in Sun Communities during the 4th quarter valued at $753,364,000. Wellington Management Group LLP grew its holdings in Sun Communities by 1,224.1% in 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 acquiring an additional 4,147,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sun Communities by 37,933.1% in the fourth 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 valued at $182,663,000 after acquiring an additional 1,470,286 shares during the period. M&T Bank Corp increased 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 valued at $61,749,000 after acquiring an additional 495,902 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in shares of Sun Communities by 152.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 767,190 shares of the real estate investment trust’s stock valued at $95,063,000 after acquiring an additional 463,312 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors.

Sun Communities Stock Up 0.1%

Shares of NYSE SUI opened at $121.52 on Monday. The firm has a fifty day simple moving average of $122.35 and a two-hundred day simple moving average of $126.55. Sun Communities, Inc. has a 12 month low of $115.53 and a 12 month high of $137.85. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $14.98 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 4.01 and a beta of 0.79.

Sun Communities (NYSE:SUI) last announced its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share 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 in the previous year, the firm posted $1.26 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Sun Communities, Inc. will post 6.9 earnings per share for the current year.

Sun Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $1.12 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. Sun Communities’s dividend payout ratio is 40.69%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SUI shares. Wells Fargo & Company dropped their target price on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Odean Cap Resea upgraded Sun Communities to a “strong-buy” rating in a report on Thursday, July 9th. Truist Financial lowered their price target on Sun Communities from $141.00 to $138.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Colliers Securities upgraded Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Friday, May 22nd. Finally, Evercore reiterated an “outperform” rating and issued a $144.00 price objective on shares of Sun Communities in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Sun Communities presently has an average rating of “Moderate Buy” and a consensus price target of $140.05.

Insider Buying and Selling

In other Sun Communities news, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction that occurred 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 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 is accessible through the SEC website. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This represents a 70.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.58% of the stock is currently owned by corporate insiders.

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.