Sun Communities (NYSE:SUI) EVP Sells $2,955,212.50 in Stock

Key Points

• Sun Communities EVP Fernando Castro-Caratini sold 23,750 shares on May 26 at an average price of $124.43, totaling about $2.96 million. After the sale, he retained 9,998 shares, cutting his ownership by 70.37%.
• The stock traded modestly higher at $125.18, up 0.3% on the day, while remaining below its 50-day and 200-day moving averages. The company’s market cap is about $15.43 billion, with a P/E ratio of 11.37 and a dividend yield of 3.6%.
• Sun Communities recently missed quarterly EPS estimates, posting a loss of $0.07 per share versus expectations of $1.31, though revenue came in above forecasts at $500.5 million. Analysts currently rate the stock a Moderate Buy with an average price target of $141.84.

Sun Communities, Inc. (NYSE:SUI - Get Free Report) EVP Fernando Castro-Caratini sold 23,750 shares of the business's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the sale, the executive vice president directly owned 9,998 shares in the company, valued at $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sun Communities Stock Up 0.3%

NYSE:SUI traded up $0.31 on Wednesday, hitting $125.18. 371,556 shares of the company's stock were exchanged, compared to its average volume of 806,150. The firm has a 50-day moving average price of $127.60 and a 200-day moving average price of $127.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39. Sun Communities, Inc. has a 52 week low of $115.53 and a 52 week high of $137.85. The company has a market cap of $15.43 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 3.47 and a beta of 0.82.

Sun Communities (NYSE:SUI - Get Free Report) last issued its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($1.38). The firm had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 earnings per share. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. As a group, analysts expect that Sun Communities, Inc. will post 6.92 EPS for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, March 31st. This is a boost from Sun Communities's previous quarterly dividend of $1.04. Sun Communities's dividend payout ratio (DPR) is currently 40.69%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SUI. Weiss Ratings lowered shares of Sun Communities from a "buy (b-)" rating to a "hold (c)" rating in a research report on Friday, May 1st. Barclays dropped their price objective on shares of Sun Communities from $148.00 to $147.00 and set an "overweight" rating for the company in a research note on Friday, May 22nd. Colliers Securities raised shares of Sun Communities from a "neutral" rating to a "buy" rating and set a $150.00 price objective for the company in a research note on Friday, May 22nd. Wells Fargo & Company raised shares of Sun Communities from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $133.00 to $150.00 in a research note on Friday, February 27th. Finally, Evercore reissued an "outperform" rating and set a $144.00 target price on shares of Sun Communities in a research note on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Sun Communities has a consensus rating of "Moderate Buy" and an average target price of $141.84.

Institutional Investors Weigh In On Sun Communities

A number of large investors have recently bought and sold shares of SUI. AQR Capital Management LLC grew its holdings in Sun Communities by 17.8% in the first quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust's stock worth $1,554,000 after purchasing an additional 1,827 shares during the period. Goldman Sachs Group Inc. grew its holdings in Sun Communities by 21.1% in the first quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust's stock worth $25,128,000 after purchasing an additional 33,981 shares during the period. Empowered Funds LLC grew its holdings in Sun Communities by 32.5% in the first quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust's stock worth $434,000 after purchasing an additional 829 shares during the period. Acadian Asset Management LLC acquired a new stake in Sun Communities in the first quarter worth $362,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Sun Communities by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 673 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 141 shares during the period. 99.59% of the stock is currently owned by institutional investors and hedge funds.

About Sun Communities

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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