Sun Communities, Inc. $SUI Shares Purchased by Amundi

Amundi boosted its stake in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) by 9.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,018 shares of the real estate investment trust's stock after buying an additional 14,415 shares during the period. Amundi owned 0.13% of Sun Communities worth $22,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Sun Communities by 2.3% during the first quarter. Vanguard Group Inc. now owns 17,947,285 shares of the real estate investment trust's stock worth $2,308,739,000 after buying an additional 403,923 shares during the period. Dodge & Cox lifted its holdings in shares of Sun Communities by 42.1% during the 1st quarter. Dodge & Cox now owns 13,647,820 shares of the real estate investment trust's stock valued at $1,755,656,000 after purchasing an additional 4,041,802 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Sun Communities by 10.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,118,054 shares of the real estate investment trust's stock valued at $787,029,000 after purchasing an additional 568,514 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Sun Communities by 103.7% during the 1st quarter. Deutsche Bank AG now owns 1,611,425 shares of the real estate investment trust's stock valued at $207,294,000 after purchasing an additional 820,422 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Sun Communities by 3.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,311 shares of the real estate investment trust's stock valued at $167,769,000 after purchasing an additional 40,832 shares during the last quarter. Hedge funds and other institutional investors own 99.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SUI shares. Wells Fargo & Company cut their target price on Sun Communities from $135.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Robert W. Baird upped their target price on Sun Communities from $126.00 to $134.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. Royal Bank Of Canada cut their target price on Sun Communities from $147.00 to $143.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $135.00 target price on Sun Communities and gave the company a "hold" rating in a research report on Wednesday, June 25th. Finally, Colliers Securities started coverage on Sun Communities in a research report on Friday, June 13th. They issued a "neutral" rating and a $130.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sun Communities currently has a consensus rating of "Hold" and a consensus price target of $138.71.

Sun Communities Stock Performance

SUI traded down $1.28 during midday trading on Friday, hitting $130.00. 568,811 shares of the company were exchanged, compared to its average volume of 809,831. The company's 50 day simple moving average is $125.77 and its 200 day simple moving average is $125.79. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 6.78 and a beta of 0.86. The company has a current ratio of 7.08, a quick ratio of 7.08 and a debt-to-equity ratio of 0.55. Sun Communities, Inc. has a 1-year low of $109.22 and a 1-year high of $147.83.

Sun Communities (NYSE:SUI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. The company had revenue of $623.50 million for the quarter, compared to the consensus estimate of $614.79 million. Sun Communities had a negative return on equity of 0.60% and a net margin of 48.86%.During the same period last year, the firm earned $1.86 EPS. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. As a group, sell-side analysts predict that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Sun Communities's dividend payout ratio (DPR) is currently 40.70%.

Sun Communities Company Profile

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.