Sun Communities, Inc. $SUI Stock Purchased by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its Sun Communities stake by 18.3% in the third quarter, bringing its holdings to 72,050 shares worth approximately $7.98 million.
• Institutional investors and hedge funds own 99.59% of Sun Communities, with several major firms recently acquiring or expanding positions.
• Analysts maintain a generally positive outlook, giving Sun Communities a consensus rating of “Moderate Buy” and an average price target of $137.36, compared with a recent share price of $115.81.

State of Alaska Department of Revenue lifted its stake in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,050 shares of the real estate investment trust's stock after buying an additional 11,154 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Sun Communities worth $7,980,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SUI. BlackRock Inc. acquired a new stake in shares of Sun Communities during the 2nd quarter valued at $1,649,715,000. Dimensional Fund Advisors LP grew its position in Sun Communities by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,812,301 shares of the real estate investment trust's stock worth $228,280,000 after acquiring an additional 51,588 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Sun Communities by 2.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,536,249 shares of the real estate investment trust's stock worth $184,212,000 after purchasing an additional 31,497 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Sun Communities in the 2nd quarter worth about $156,841,000. Finally, Legal & General Group Plc acquired a new position in Sun Communities in the 2nd quarter worth about $122,737,000. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on SUI. Jefferies Financial Group upgraded Sun Communities to a "strong-buy" rating in a research report on Wednesday, July 22nd. Odeon Capital Group set a $135.00 price target on Sun Communities in a report on Thursday, July 9th. UBS Group lowered their price objective on Sun Communities from $133.00 to $117.00 and set a "neutral" rating for the company in a research note on Tuesday, October 6th. Evercore set a $136.00 price objective on Sun Communities in a research note on Monday, September 21st. Finally, Weiss Ratings lowered shares of Sun Communities from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sun Communities currently has a consensus rating of "Moderate Buy" and an average price target of $137.36.

Sun Communities Price Performance

Shares of NYSE:SUI opened at $115.81 on Friday. The firm has a market cap of $14.11 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 4.90 and a beta of 0.76. The firm's fifty day moving average is $117.04 and its 200-day moving average is $121.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.52 and a current ratio of 2.52. Sun Communities, Inc. has a 52 week low of $109.77 and a 52 week high of $137.85.

Sun Communities (NYSE:SUI - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.08. The company had revenue of $484.60 million for the quarter, compared to analysts' expectations of $623.40 million. Sun Communities had a negative net margin of 39.03% and a positive return on equity of 2.63%. During the same quarter in the previous year, the firm posted $1.76 earnings per share. Sun Communities has set its FY 2026 guidance at 6.940-7.100 EPS and its Q3 2026 guidance at 2.230-2.330 EPS. Sell-side analysts predict that Sun Communities, Inc. will post 7.00 earnings per share for the current year.

Sun Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.48 annualized dividend and a yield of 3.9%. Sun Communities's payout ratio is presently -63.19%.

Sun Communities Profile

Sun Communities, Inc is a real estate investment trust that owns, operates and develops residential communities and recreational properties. Its portfolio primarily includes manufactured housing communities, recreational vehicle resorts and marinas.

The company provides housing and leisure-oriented accommodations through communities offering manufactured homes, seasonal and long-term RV sites, and related amenities. Its marina operations include wet slips, dry storage and other services for boat owners.

Founded in 1975, Sun Communities serves residents, vacationers and boaters across the United States, with additional operations in the United Kingdom.

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