Sun Communities, Inc. (NYSE:SUI) Stock Holdings Boosted by Natixis Advisors L.P.

Natixis Advisors L.P. increased its holdings in Sun Communities, Inc. (NYSE:SUI - Free Report) by 50.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 211,615 shares of the real estate investment trust's stock after acquiring an additional 71,379 shares during the period. Natixis Advisors L.P. owned approximately 0.17% of Sun Communities worth $28,281,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its position in shares of Sun Communities by 120.2% during the third quarter. Lindbrook Capital LLC now owns 229 shares of the real estate investment trust's stock worth $27,000 after buying an additional 125 shares during the period. Spire Wealth Management raised its stake in shares of Sun Communities by 102.2% in the third quarter. Spire Wealth Management now owns 465 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 235 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Sun Communities in the fourth quarter valued at $80,000. Tobam raised its stake in shares of Sun Communities by 64.0% in the fourth quarter. Tobam now owns 743 shares of the real estate investment trust's stock valued at $99,000 after acquiring an additional 290 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC raised its stake in shares of Sun Communities by 33.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 849 shares of the real estate investment trust's stock valued at $100,000 after acquiring an additional 215 shares in the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Sun Communities Stock Performance

Shares of SUI traded up $0.66 during midday trading on Friday, reaching $117.30. 697,971 shares of the stock were exchanged, compared to its average volume of 696,598. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.66 and a quick ratio of 1.66. Sun Communities, Inc. has a twelve month low of $102.74 and a twelve month high of $141.52. The business's 50-day moving average price is $125.54 and its 200 day moving average price is $125.73. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 101.12, a PEG ratio of 1.05 and a beta of 0.83.

Sun Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.94 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.21%. This is a positive change from Sun Communities's previous quarterly dividend of $0.93. Sun Communities's dividend payout ratio (DPR) is currently 324.14%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays reduced their price objective on Sun Communities from $157.00 to $155.00 and set an "overweight" rating on the stock in a research note on Friday, January 26th. Compass Point increased their price objective on Sun Communities from $116.00 to $125.00 and gave the company a "neutral" rating in a research note on Thursday, March 21st. Truist Financial cut their price target on Sun Communities from $143.00 to $136.00 and set a "hold" rating on the stock in a research note on Monday, March 18th. Evercore ISI cut their price target on Sun Communities from $145.00 to $128.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, JMP Securities restated a "market outperform" rating and issued a $150.00 price target on shares of Sun Communities in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Sun Communities has a consensus rating of "Hold" and a consensus price target of $138.92.

Insider Buying and Selling

In related news, Director Craig Leupold sold 2,500 shares of the firm's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $128.39, for a total transaction of $320,975.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Craig Leupold sold 2,500 shares of the firm's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $128.39, for a total transaction of $320,975.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Clunet R. Lewis sold 500 shares of Sun Communities stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $131.13, for a total value of $65,565.00. Following the completion of the sale, the director now directly owns 28,400 shares in the company, valued at approximately $3,724,092. The disclosure for this sale can be found here. Insiders have sold a total of 7,000 shares of company stock valued at $912,460 over the last quarter. 1.89% of the stock is currently owned by insiders.

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.