Dodge & Cox Buys 282,055 Shares of Sun Communities, Inc. $SUI

Key Points

• Dodge & Cox increased its stake in Sun Communities by 2.0%, buying 282,055 shares to hold 14,480,815 shares — a 11.71% position valued at about $1.868 billion at quarter-end.
• Dividend raised: Sun Communities lifted its quarterly payout to $1.12 from $1.04 (annualized $4.48), implying a ~3.3% yield with an ex-dividend date of March 31 and payment on April 15.
• Insider and analyst activity: Insiders sold 163,875 shares worth $20.33 million in the last 90 days (insider ownership 1.77%) while institutional ownership is 99.59%; analysts' consensus is a "Hold" with a $140.86 price target.

Dodge & Cox grew its stake in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,480,815 shares of the real estate investment trust's stock after acquiring an additional 282,055 shares during the period. Dodge & Cox owned 11.71% of Sun Communities worth $1,868,025,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SUI. Allstate Corp acquired a new stake in shares of Sun Communities during the third quarter worth $659,000. Vanguard Group Inc. grew its stake in shares of Sun Communities by 1.4% in the third quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust's stock valued at $2,359,404,000 after acquiring an additional 249,501 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in Sun Communities during the third quarter worth about $1,527,000. Baillie Gifford & Co. increased its position in Sun Communities by 26.6% during the third quarter. Baillie Gifford & Co. now owns 48,210 shares of the real estate investment trust's stock worth $6,219,000 after acquiring an additional 10,127 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in Sun Communities by 304.3% in the 3rd quarter. Wealthfront Advisers LLC now owns 27,828 shares of the real estate investment trust's stock worth $3,590,000 after purchasing an additional 20,945 shares in the last quarter. Institutional investors own 99.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SUI. UBS Group increased their target price on shares of Sun Communities from $126.00 to $127.00 and gave the stock a "neutral" rating in a research report on Thursday, January 8th. Morgan Stanley cut their price target on Sun Communities from $139.00 to $135.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 25th. Weiss Ratings reissued a "hold (c)" rating on shares of Sun Communities in a research report on Wednesday, January 21st. Robert W. Baird raised their price objective on Sun Communities from $136.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, March 6th. Finally, Truist Financial lifted their price objective on Sun Communities from $141.00 to $147.00 and gave the company a "buy" rating in a report on Wednesday, March 4th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $140.86.

Insider Activity at Sun Communities

In other Sun Communities news, Director Gary A. Shiffman sold 156,875 shares of the firm's stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Clunet R. Lewis sold 3,200 shares of the business's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 163,875 shares of company stock worth $20,331,287 over the last ninety days. 1.77% of the stock is currently owned by insiders.

Sun Communities Trading Down 0.4%

Shares of SUI opened at $134.44 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.43 and a current ratio of 4.43. Sun Communities, Inc. has a 52-week low of $109.22 and a 52-week high of $137.85. The firm has a market cap of $16.56 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 4.49 and a beta of 0.88. The business's fifty day moving average is $129.35 and its 200-day moving average is $127.14.

Sun Communities (NYSE:SUI - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The business had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. During the same period last year, the firm posted $1.41 earnings per share. Sun Communities's revenue was up .1% compared to the same quarter last year. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. Equities analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $1.12 per share. This is a boost from Sun Communities's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.48 annualized dividend and a dividend yield of 3.3%. Sun Communities's payout ratio is presently 38.73%.

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.

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