Van Lanschot Kempen Investment Management N.V. Sells 68,007 Shares of Sun Communities, Inc. $SUI

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its stake in Sun Communities, Inc. by 44.0%, now owning approximately 86,675 shares valued at $11.15 million.
• The company recently increased its quarterly dividend to $1.04 per share, representing a 3.3% yield, up from a previous $0.94.
• Analysts have varying opinions on Sun Communities, with an average rating of "Hold" and a consensus price target of $138.43.

Van Lanschot Kempen Investment Management N.V. reduced its holdings in Sun Communities, Inc. (NYSE:SUI - Free Report) by 44.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,675 shares of the real estate investment trust's stock after selling 68,007 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 0.07% of Sun Communities worth $11,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versor Investments LP raised its position in shares of Sun Communities by 92.5% during the 1st quarter. Versor Investments LP now owns 6,545 shares of the real estate investment trust's stock valued at $842,000 after acquiring an additional 3,145 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Sun Communities by 23.8% during the 1st quarter. GAMMA Investing LLC now owns 1,047 shares of the real estate investment trust's stock valued at $135,000 after acquiring an additional 201 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Sun Communities by 11.6% during the 1st quarter. Bessemer Group Inc. now owns 1,153 shares of the real estate investment trust's stock valued at $149,000 after acquiring an additional 120 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Sun Communities by 9.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,042 shares of the real estate investment trust's stock valued at $520,000 after acquiring an additional 365 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Sun Communities during the 1st quarter valued at $2,392,000. Institutional investors own 99.59% of the company's stock.

Sun Communities Stock Up 0.0%

Shares of SUI stock traded up $0.0470 during trading hours on Friday, hitting $126.8570. 1,073,970 shares of the company were exchanged, compared to its average volume of 1,101,069. The business has a 50 day moving average of $125.57 and a two-hundred day moving average of $125.76. 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 52 week low of $109.22 and a 52 week high of $147.83. The company has a market capitalization of $15.88 billion, a PE ratio of 12.41, a PEG ratio of 6.56 and a beta of 0.83.

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

Sun Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a $1.04 dividend. This is a boost from Sun Communities's previous quarterly dividend of $0.94. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, June 30th. Sun Communities's payout ratio is presently 40.70%.

Analysts Set New Price Targets

SUI has been the subject of several recent research reports. Barclays initiated coverage on shares of Sun Communities in a research report on Thursday, May 29th. They set an "overweight" rating and a $141.00 target price for the company. Royal Bank Of Canada reduced their price target on shares of Sun Communities from $147.00 to $143.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Morgan Stanley started coverage on shares of Sun Communities in a research report on Tuesday, July 15th. They set an "equal weight" rating and a $135.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $135.00 price target on shares of Sun Communities and gave the stock a "hold" rating in a research report on Wednesday, June 25th. Finally, Colliers Securities started coverage on shares of Sun Communities in a research report on Friday, June 13th. They set a "neutral" rating and a $130.00 price target on the stock. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Sun Communities currently has an average rating of "Hold" and a consensus price target of $138.43.

Sun Communities 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.