Focus Partners Advisor Solutions LLC Purchases 2,540 Shares of Sun Communities, Inc. $SUI

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Sun Communities, Inc. by 22.2%, owning 13,995 shares valued at approximately $1.8 million after buying an additional 2,540 shares.
• Various hedge funds also enhanced their positions in Sun Communities during the fourth quarter, with Mercer Global Advisors showing a notable 112.7% increase in its holdings.
• Sun Communities reported earnings per share (EPS) of $1.76 for the last quarter, exceeding estimates, and provided FY 2025 guidance of 6.510-6.670 EPS.

Focus Partners Advisor Solutions LLC lifted its stake in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) by 22.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,995 shares of the real estate investment trust's stock after purchasing an additional 2,540 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Sun Communities were worth $1,800,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SUI. Mercer Global Advisors Inc. ADV increased its position in Sun Communities by 112.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,196 shares of the real estate investment trust's stock worth $1,008,000 after buying an additional 4,342 shares during the period. Baird Financial Group Inc. increased its position in Sun Communities by 5.7% during the 4th quarter. Baird Financial Group Inc. now owns 4,381 shares of the real estate investment trust's stock worth $539,000 after buying an additional 238 shares during the period. Captrust Financial Advisors increased its position in Sun Communities by 3.7% during the 4th quarter. Captrust Financial Advisors now owns 3,627 shares of the real estate investment trust's stock worth $446,000 after buying an additional 128 shares during the period. BROOKFIELD Corp ON bought a new position in Sun Communities during the 4th quarter worth $8,420,000. Finally, Cresset Asset Management LLC increased its position in Sun Communities by 13.7% during the 4th quarter. Cresset Asset Management LLC now owns 3,830 shares of the real estate investment trust's stock worth $474,000 after buying an additional 461 shares during the period. Institutional investors own 99.59% of the company's stock.

Sun Communities Price Performance

NYSE:SUI traded up $0.78 during trading hours on Friday, hitting $129.69. The company's stock had a trading volume of 877,418 shares, compared to its average volume of 817,942. The stock has a fifty day simple moving average of $125.62 and a 200-day simple moving average of $125.83. The company has a market capitalization of $16.23 billion, a P/E ratio of 12.69, a PEG ratio of 6.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.08 and a quick ratio of 7.08. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $147.83.

Sun Communities (NYSE:SUI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. The business had revenue of $623.50 million for the quarter, compared to analyst estimates of $614.79 million. Sun Communities had a negative return on equity of 0.60% and a net margin of 48.86%.During the same period last year, the firm posted $1.86 earnings per share. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. On average, analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $1.04 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.16 annualized dividend and a yield of 3.2%. Sun Communities's dividend payout ratio (DPR) is currently 40.70%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JMP Securities reiterated a "market outperform" rating and set a $140.00 price objective on shares of Sun Communities in a research report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $135.00 target price on Sun Communities and gave the stock a "hold" rating in a report on Wednesday, June 25th. Barclays started coverage on Sun Communities in a report on Thursday, May 29th. They set an "overweight" rating and a $141.00 target price on the stock. Wall Street Zen raised Sun Communities from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Truist Financial increased their target price on Sun Communities from $137.00 to $141.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $138.71.

Sun Communities Company 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.