Jain Global LLC Takes $14.08 Million Position in Sun Communities, Inc. $SUI

Key Points

• Jain Global LLC bought a new position of 109,129 shares in Sun Communities (SUI), valued at about $14.08 million and representing roughly 0.09% of the company.
• Corporate insiders sold 163,875 shares last quarter (around $20.33 million), leaving insiders with just 1.89% ownership.
• Sun Communities raised its quarterly dividend to $1.12 (annualized $4.48, ~3.3% yield), reported Q4 EPS of $1.40 beating estimates, provided FY2026 EPS guidance of 6.83–7.03, and holds a MarketBeat consensus rating of "Hold" with a $140.86 target.

Jain Global LLC bought a new position in Sun Communities, Inc. (NYSE:SUI - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 109,129 shares of the real estate investment trust's stock, valued at approximately $14,078,000. Jain Global LLC owned approximately 0.09% of Sun Communities at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in Sun Communities in the third quarter worth approximately $27,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Sun Communities during the 2nd quarter valued at $30,000. MAI Capital Management lifted its position in shares of Sun Communities by 164.4% during the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 166 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Sun Communities by 55.7% during the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 97 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Sun Communities in the 3rd quarter worth $37,000. 99.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays boosted their target price on Sun Communities from $144.00 to $148.00 and gave the stock an "overweight" rating in a research report on Friday, March 6th. Citigroup lifted their price target on Sun Communities from $150.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Weiss Ratings restated a "hold (c)" rating on shares of Sun Communities in a report on Wednesday, January 21st. Wells Fargo & Company raised shares of Sun Communities from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $133.00 to $150.00 in a research note on Friday, February 27th. Finally, UBS Group raised their target price on shares of Sun Communities from $126.00 to $127.00 and gave the stock a "neutral" rating in a report on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Sun Communities has a consensus rating of "Hold" and a consensus target price of $140.86.

Insider Transactions at Sun Communities

In related news, Director Clunet R. Lewis sold 3,800 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.01, for a total transaction of $516,838.00. Following the completion of the sale, the director directly owned 16,817 shares in the company, valued at approximately $2,287,280.17. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary A. Shiffman sold 156,875 shares of the business'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 transaction of $19,378,768.75. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 163,875 shares of company stock worth $20,331,287 in the last quarter. 1.89% of the stock is owned by corporate insiders.

Sun Communities Price Performance

SUI opened at $134.44 on Monday. The stock has a fifty day moving average of $129.35 and a 200-day moving average of $127.16. The firm has a market capitalization of $16.56 billion, a P/E ratio of 12.52, a PEG ratio of 4.49 and a beta of 0.87. Sun Communities, Inc. has a 12-month low of $109.22 and a 12-month high of $137.85. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58.

Sun Communities (NYSE:SUI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.03. The business had revenue of $515.20 million for the quarter, compared to the consensus estimate of $509.40 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.Sun Communities's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 earnings per share. 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 forecast that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid 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 yield of 3.3%. Sun Communities's dividend payout ratio (DPR) is presently 38.73%.

Sun Communities 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.

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