Jefferies Financial Group Inc. Acquires Shares of 26,400 Sun Communities, Inc. $SUI

Key Points

• Jefferies Financial Group established a new position in Sun Communities (NYSE:SUI), buying 26,400 shares in Q3 worth about $3.41 million, according to its latest 13F filing.
• Significant insider selling has occurred recently — insiders sold 163,875 shares totaling $20.33 million in the last 90 days, including Director Gary A. Shiffman's 156,875‑share sale — while insiders own 1.89% and institutions own 99.59% of the stock.
• Analyst sentiment is mixed with eight Buys, six Holds and one Sell; the consensus target price is $140.86, and several firms (Truist, Citi, Barclays) recently raised targets even as Morgan Stanley trimmed theirs.

Jefferies Financial Group Inc. bought a new position in Sun Communities, Inc. (NYSE:SUI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,400 shares of the real estate investment trust's stock, valued at approximately $3,406,000.

Several other hedge funds have also recently made changes to their positions in SUI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sun Communities by 9.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust's stock worth $127,000 after acquiring an additional 84 shares during the period. Assetmark Inc. lifted its holdings in Sun Communities by 55.7% during the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 97 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Sun Communities by 19.6% during the third quarter. Smartleaf Asset Management LLC now owns 665 shares of the real estate investment trust's stock worth $86,000 after purchasing an additional 109 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Sun Communities by 0.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 23,102 shares of the real estate investment trust's stock worth $2,922,000 after purchasing an additional 113 shares during the period. Finally, Orion Porfolio Solutions LLC increased its stake in shares of Sun Communities by 1.3% in the second quarter. Orion Porfolio Solutions LLC now owns 9,335 shares of the real estate investment trust's stock worth $1,181,000 after purchasing an additional 117 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors.

Insider Transactions at Sun Communities

In other news, Director Gary A. Shiffman sold 156,875 shares of Sun Communities stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clunet R. Lewis sold 3,800 shares of the business's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $136.01, for a total value of $516,838.00. Following the transaction, the director directly owned 16,817 shares of the company's stock, valued at $2,287,280.17. The trade was a 18.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 163,875 shares of company stock worth $20,331,287 over the last 90 days. Corporate insiders own 1.89% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Sun Communities from $141.00 to $147.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. Morgan Stanley cut their price objective on shares of Sun Communities from $139.00 to $135.00 and set an "equal weight" rating for the company in a report on Tuesday, November 25th. Citigroup lifted their price objective on shares of Sun Communities from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Barclays boosted their target price on shares of Sun Communities from $144.00 to $148.00 and gave the company an "overweight" rating in a report on Friday, March 6th. Finally, UBS Group raised their price target on Sun Communities from $126.00 to $127.00 and gave the stock a "neutral" rating in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Sun Communities has an average rating of "Hold" and a consensus target price of $140.86.

Sun Communities Stock Up 0.8%

Shares of NYSE:SUI opened at $136.51 on Wednesday. The firm has a fifty day moving average price of $128.63 and a two-hundred day moving average price of $126.96. The company has a market cap of $16.82 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 4.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.43 and a quick ratio of 4.43. Sun Communities, Inc. has a one year low of $109.22 and a one year high of $137.85.

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

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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