Korea Investment CORP Has $7.39 Million Position in Sun Communities, Inc. $SUI

Key Points

• Korea Investment CORP trimmed its stake in Sun Communities by 32.9% in Q3, selling 28,108 shares and retaining 57,310 shares worth $7.39 million.
• Analysts have recently raised price targets (Wells Fargo, Barclays, Citigroup among them), but the consensus remains an average Hold with a $140.86 average price target.
• Sun Communities raised its quarterly dividend to $1.12 (annualized $4.48, 3.3% yield), while insiders sold roughly $20.3 million of stock (163,875 shares) in the past 90 days.

Korea Investment CORP lessened its stake in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) by 32.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,310 shares of the real estate investment trust's stock after selling 28,108 shares during the period. Korea Investment CORP's holdings in Sun Communities were worth $7,393,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sun Communities by 9.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust's stock worth $127,000 after buying an additional 84 shares during the last quarter. Assetmark Inc. grew its stake in Sun Communities by 55.7% in the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 97 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Sun Communities by 19.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 665 shares of the real estate investment trust's stock worth $86,000 after acquiring an additional 109 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Sun Communities by 0.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 23,102 shares of the real estate investment trust's stock worth $2,922,000 after acquiring an additional 113 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its position in Sun Communities by 1.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 9,335 shares of the real estate investment trust's stock worth $1,181,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 99.59% of the company's stock.

Wall Street Analyst Weigh In

SUI has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Sun Communities from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $133.00 to $150.00 in a report on Friday, February 27th. Truist Financial boosted their price objective on Sun Communities from $141.00 to $147.00 and gave the stock a "buy" rating in a research report on Wednesday, March 4th. UBS Group increased their target price on Sun Communities from $126.00 to $127.00 and gave the company a "neutral" rating in a research note on Thursday, January 8th. Barclays raised their target price on Sun Communities from $144.00 to $148.00 and gave the company an "overweight" rating in a report on Friday, March 6th. Finally, Citigroup lifted their price target on Sun Communities from $150.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $140.86.

Insider Buying and Selling

In related news, Director Clunet R. Lewis sold 3,200 shares of the firm's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total value of $435,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary A. Shiffman sold 156,875 shares of Sun Communities stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 163,875 shares of company stock worth $20,331,287. 1.77% of the stock is currently owned by company insiders.

Sun Communities Stock Performance

NYSE:SUI opened at $134.99 on Friday. The firm's 50-day moving average is $129.10 and its 200-day moving average is $127.08. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 4.54 and a beta of 0.88. 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.

Sun Communities (NYSE:SUI - Get Free Report) last released its earnings results 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 net margin of 61.86% and a negative return on equity of 0.04%. The business had revenue of $515.20 million during the quarter, compared to analysts' expectations of $509.40 million. During the same quarter last year, the company earned $1.41 earnings per share. The firm's 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. Equities research analysts anticipate that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Increases Dividend

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