Asset Management One Co. Ltd. Has $29.51 Million Stock Position in Sun Communities, Inc. $SUI

Key Points

• Asset Management One Co. Ltd. increased its stake in Sun Communities, Inc. by 2.6%, owning approximately 233,296 shares valued at $29.51 million as of the latest SEC filing.
• Sun Communities reported an earnings per share (EPS) of $1.76 for the last quarter, exceeding estimates by $0.09, while projecting a fiscal year 2025 EPS guidance range of 6.510-6.670.
• The company declared a quarterly dividend of $1.04, with an annualized dividend yield of 3.4%, reflecting a payout ratio of 40.70%.

Asset Management One Co. Ltd. lifted its stake in Sun Communities, Inc. (NYSE:SUI - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,296 shares of the real estate investment trust's stock after acquiring an additional 5,817 shares during the period. Asset Management One Co. Ltd. owned approximately 0.18% of Sun Communities worth $29,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versor Investments LP grew its stake in shares of Sun Communities by 92.5% in the first quarter. Versor Investments LP now owns 6,545 shares of the real estate investment trust's stock worth $842,000 after acquiring an additional 3,145 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Sun Communities by 23.8% in the first quarter. GAMMA Investing LLC now owns 1,047 shares of the real estate investment trust's stock worth $135,000 after acquiring an additional 201 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Sun Communities by 11.6% in the first quarter. Bessemer Group Inc. now owns 1,153 shares of the real estate investment trust's stock worth $149,000 after acquiring an additional 120 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Sun Communities by 9.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,042 shares of the real estate investment trust's stock worth $520,000 after acquiring an additional 365 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Sun Communities during the first quarter worth $2,392,000. Institutional investors and hedge funds own 99.59% of the company's stock.

Sun Communities Stock Up 0.6%

Shares of NYSE:SUI opened at $124.03 on Friday. Sun Communities, Inc. has a 52 week low of $109.22 and a 52 week high of $138.73. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.08 and a current ratio of 7.08. The company's fifty day moving average is $126.81 and its 200-day moving average is $125.15. The company has a market capitalization of $15.52 billion, a PE ratio of 12.14, a P/E/G ratio of 6.34 and a beta of 0.86.

Sun Communities (NYSE:SUI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. Sun Communities had a net margin of 48.86% and a negative return on equity of 0.60%. The company had revenue of $623.50 million for the quarter, compared to the consensus estimate of $614.79 million. During the same quarter in the previous year, the company earned $1.86 EPS. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. Equities research analysts predict that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Sun Communities's payout ratio is currently 40.70%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SUI shares. Morgan Stanley set a $142.00 price target on shares of Sun Communities in a research note on Thursday, September 4th. Robert W. Baird lifted their price target on shares of Sun Communities from $126.00 to $134.00 and gave the stock a "neutral" rating in a research note on Monday, August 11th. Wall Street Zen upgraded shares of Sun Communities from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada decreased their price target on shares of Sun Communities from $147.00 to $143.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Finally, Truist Financial lifted their price target on shares of Sun Communities from $137.00 to $141.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $137.86.

Sun Communities Profile

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.

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