Schroder Investment Management Group Trims Stake in Sun Communities, Inc. $SUI

Key Points

• Schroder Investment Management Group trimmed its stake in Sun Communities by 4.2% in Q3, selling 15,813 shares and now holding 357,998 shares (~0.29%) valued at about $46.18 million.
• Other institutions made big moves — notably Norges Bank opened a new position worth roughly $925.9 million, while Vanguard, Dodge & Cox and First Trust increased stakes; institutional investors now own 99.59% of SUI.
• Company insiders have been net sellers recently: Director Gary A. Shiffman sold 156,875 shares (~$19.38 million), and insiders sold 163,875 shares worth $20.33 million over the past 90 days, leaving insiders with about 1.89% ownership.

Schroder Investment Management Group lessened its position in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) by 4.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 357,998 shares of the real estate investment trust's stock after selling 15,813 shares during the quarter. Schroder Investment Management Group owned about 0.29% of Sun Communities worth $46,182,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Sun Communities in the 2nd quarter valued at $925,926,000. Dodge & Cox boosted its stake in Sun Communities by 4.0% during the 2nd quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust's stock worth $1,796,001,000 after purchasing an additional 550,940 shares during the period. First Trust Advisors LP grew its position in Sun Communities by 1,663.7% during the 3rd quarter. First Trust Advisors LP now owns 305,988 shares of the real estate investment trust's stock worth $39,472,000 after purchasing an additional 288,639 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 purchasing an additional 249,501 shares during the period. Finally, Lasalle Investment Management Securities LLC increased its stake in Sun Communities by 27.6% in the second quarter. Lasalle Investment Management Securities LLC now owns 746,432 shares of the real estate investment trust's stock valued at $94,416,000 after purchasing an additional 161,589 shares during the period. Institutional investors and hedge funds own 99.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SUI shares. 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 note on Thursday, January 8th. Truist Financial upped their price objective on Sun Communities from $141.00 to $147.00 and gave the company a "buy" rating in a research note on Wednesday, March 4th. Morgan Stanley lowered their target price on Sun Communities from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 25th. Barclays boosted 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, Robert W. Baird increased their price target on Sun Communities from $136.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, March 6th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sun Communities presently has a consensus rating of "Hold" and a consensus target price of $140.86.

Insiders Place Their Bets

In other Sun Communities news, Director Gary A. Shiffman sold 156,875 shares of the company's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total transaction of $19,378,768.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Clunet R. Lewis sold 3,800 shares of the stock in a transaction dated 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 transaction, the director directly owned 16,817 shares of the company's stock, valued at approximately $2,287,280.17. This trade represents a 18.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 163,875 shares of company stock worth $20,331,287. Corporate insiders own 1.89% of the company's stock.

Sun Communities Stock Performance

Shares of SUI stock opened at $136.51 on Wednesday. The company has a market cap of $16.82 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 4.51 and a beta of 0.88. The stock has a 50 day simple moving average of $128.63 and a 200-day simple moving average of $126.96. Sun Communities, Inc. has a 12-month low of $109.22 and a 12-month high of $137.85. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.58.

Sun Communities (NYSE:SUI - Get Free Report) last posted 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. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The firm had revenue of $515.20 million for the quarter, compared to the consensus estimate of $509.40 million. During the same period in the previous year, the business earned $1.41 earnings per share. The company's revenue for the quarter 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. On average, equities analysts forecast that Sun Communities, Inc. will post 6.77 EPS for the current year.

Sun Communities Company 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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