Sun Communities, Inc. $SUI Shares Purchased by Strs Ohio

Key Points

• Strs Ohio raised its stake in Sun Communities by 38.5%, buying 21,412 shares to hold 77,037 shares worth $9.55 million (about 0.06% of the company).
• Sun Communities reported quarterly EPS of ($0.07), missing the $1.31 consensus while revenue of $500.5M beat estimates, and set Q2 2026 guidance of 1.710–1.790 EPS and FY2026 guidance of 6.870–7.070 EPS.
• The REIT increased its quarterly dividend to $1.12 ($4.48 annual, 3.6% yield), and analysts' consensus is a "Moderate Buy" with an average target price of $140.61.

Strs Ohio raised its holdings in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) by 38.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,037 shares of the real estate investment trust's stock after purchasing an additional 21,412 shares during the period. Strs Ohio owned about 0.06% of Sun Communities worth $9,546,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SUI. Thurston Springer Miller Herd & Titak Inc. increased its stake in Sun Communities by 1,226.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Sun Communities during the third quarter valued at $27,000. Fulcrum Asset Management LLP bought a new stake in Sun Communities during the third quarter valued at $27,000. Global X Japan Co. Ltd. bought a new stake in Sun Communities during the fourth quarter valued at $33,000. Finally, Assetmark Inc. increased its stake 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. Institutional investors own 99.59% of the company's stock.

Insiders Place Their Bets

In other Sun Communities news, Director Clunet R. Lewis sold 3,200 shares of the company's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $136.15, for a total value of $435,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.58% of the company's stock.

Sun Communities Stock Performance

SUI stock opened at $124.60 on Tuesday. The company has a market capitalization of $15.35 billion, a P/E ratio of 11.32, a PEG ratio of 4.33 and a beta of 0.82. The company has a 50-day simple moving average of $130.92 and a 200 day simple moving average of $127.52. Sun Communities, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $137.85. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($1.38). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company had revenue of $500.50 million during the quarter, compared to analyst estimates of $472.40 million. During the same period in the previous year, the company earned $1.26 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. Sell-side analysts predict that Sun Communities, Inc. will post 6.93 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from Sun Communities's previous quarterly dividend of $1.04. Sun Communities's dividend payout ratio is currently 40.69%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup boosted their target price 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. Wells Fargo & Company upgraded shares of Sun Communities from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $133.00 to $150.00 in a research note on Friday, February 27th. Robert W. Baird boosted their target price on shares of Sun Communities from $136.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, March 6th. Evercore restated an "outperform" rating and set a $144.00 price target on shares of Sun Communities in a research report on Wednesday, April 29th. Finally, Zelman & Associates began coverage on shares of Sun Communities in a research report on Monday, March 16th. They set an "outperform" rating and a $127.75 price target for the company. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Sun Communities currently has an average rating of "Moderate Buy" and an average target price of $140.61.

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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