Sun Communities, Inc. $SUI Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments trimmed its stake by 21.4%, selling 72,222 shares and ending the quarter with 264,668 shares of Sun Communities (about 0.21% of the company) valued at roughly $32.3 million.
• Sun increased its quarterly dividend to $1.12 (from $1.04), payable April 15 with an ex-dividend date of March 31, implying a $4.48 annualized payout and about a 3.5% yield.
• Analysts are largely positive: the stock has a "Moderate Buy" consensus with an average target of $140.17, amid multiple recent upgrades and a quarter where Sun beat EPS estimates and issued FY2026 guidance of $6.83–$7.03.

Allspring Global Investments Holdings LLC trimmed its stake in Sun Communities, Inc. (NYSE:SUI - Free Report) by 21.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,668 shares of the real estate investment trust's stock after selling 72,222 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.21% of Sun Communities worth $32,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC grew its holdings in shares of Sun Communities by 3.8% during the fourth quarter. CoreCap Advisors LLC now owns 2,228 shares of the real estate investment trust's stock worth $276,000 after purchasing an additional 82 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sun Communities by 9.1% during 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 purchasing an additional 84 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of 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 purchasing an additional 97 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of 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 acquiring an additional 109 shares during the last quarter. Finally, Orion Porfolio Solutions LLC grew 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 purchasing an additional 117 shares during the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Zelman & Associates assumed coverage on Sun Communities in a research note on Monday, March 16th. They set an "outperform" rating and a $127.75 price target for the company. Barclays upped their price objective on shares of Sun Communities from $144.00 to $148.00 and gave the stock an "overweight" rating in a research report on Friday, March 6th. Truist Financial raised their target price on shares of Sun Communities from $141.00 to $147.00 and gave the stock a "buy" rating in a research note on Wednesday, March 4th. Wells Fargo & Company raised shares of Sun Communities from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $133.00 to $150.00 in a report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sun Communities in a report on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $140.17.

Insiders Place Their Bets

In other news, Director Clunet R. Lewis sold 3,800 shares of the business's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.01, for a total value of $516,838.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.77% of the company's stock.

Sun Communities Stock Performance

NYSE SUI opened at $129.37 on Friday. The business has a 50 day moving average price of $130.43 and a 200 day moving average price of $127.30. The company has a market capitalization of $15.94 billion, a P/E ratio of 12.05, a PEG ratio of 4.35 and a beta of 0.90. Sun Communities, Inc. has a 1-year low of $109.22 and a 1-year high of $137.85. 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 (NYSE:SUI - Get Free Report) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.03. The company 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 quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Sell-side analysts expect that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued 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 is Tuesday, March 31st. This represents a $4.48 dividend on an annualized basis and a yield of 3.5%. Sun Communities's payout ratio is currently 41.71%.

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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