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Sun Communities (SUI)

Sun Communities, Inc. is a REIT that, as of December 31, 2020, owned, operated, or had an interest in a portfolio of 552 developed MH, RV and marina properties comprising over 188,000 developed sites in 39 states and Ontario, Canada.

Company profile

Ticker
SUI
Exchange
CEO
Gary Shiffman
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Sun Communities Operating Limited Partnership • 481 Associates, a Florida general partnership • 1008 Tuscany, LLC • AIOP Brentwood West, L.L.C. • AIOP Florida Properties I, L.L.C. • AIOP Florida Properties II, L.L.C. • AIOP Gulfstream Harbor, L.L.C. • AIOP Gulfstream Outlots, L.L.C. • AIOP Lost Dutchman Notes, L.L.C. • AIOP Serendipity, L.L.C. ...
IRS number
382730780

SUI stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$205.00
Low target
$200.00
High target
$210.00
JMP Securities
Maintains
Market Outperform
$200.00
28 Jul 22
Barclays
Maintains
Overweight
$210.00
1 Jul 22

Calendar

26 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Aug 22 Bruce Thelen COMMON STOCK, $0.01 PAR VALUE Sell Dispose S No No 165.4 6,892 1.14M 25,120
18 Jul 22 Dearing Karen COMMON STOCK, $0.01 PAR VALUE Payment of exercise Dispose F No No 159.17 1,000 159.17K 166,070
30 Jun 22 McLaren John Bandini COMMON STOCK, $0.01 PAR VALUE Payment of exercise Dispose F No No 159.36 466 74.26K 147,643
30 Jun 22 Dearing Karen COMMON STOCK, $0.01 PAR VALUE Payment of exercise Dispose F No No 159.36 1,250 199.2K 167,070
30 Jun 22 Shiffman Gary A COMMON STOCK, $0.01 PAR VALUE Payment of exercise Dispose F No No 159.36 109 17.37K 978,981
96.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 510 514 -0.8%
Opened positions 56 87 -35.6%
Closed positions 60 51 +17.6%
Increased positions 204 235 -13.2%
Reduced positions 178 134 +32.8%
13F shares Current Prev Q Change
Total value 20.24B 24.47B -17.3%
Total shares 119.3M 120.44M -0.9%
Total puts 59.6K 13.9K +328.8%
Total calls 83.9K 65K +29.1%
Total put/call ratio 0.7 0.2 +232.2%
Largest owners Shares Value Change
Vanguard 16.5M $2.89B -0.6%
BLK Blackrock 10.12M $1.77B -3.9%
CNS Cohen & Steers 8.1M $1.42B +25.3%
STT State Street 5.65M $994.74M +11.7%
JPM JPMorgan Chase & Co. 4.75M $833.32M -2.7%
PFG Principal Financial Group Inc - Registered Shares 4.58M $802.08M +7.3%
Daiwa Asset Management 3.88M $0 0.0%
Capital World Investors 3.44M $602.3M +0.0%
Aristotle Capital Management 3.12M $546.48M -0.2%
Nuveen Asset Management 1.99M $352.51M +1.3%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -1.98M EXIT
CNS Cohen & Steers 8.1M +1.64M +25.3%
IVZ Invesco 1.92M +805.13K +72.4%
Millennium Management 277.7K -755.72K -73.1%
DB Deutsche Bank AG - Registered Shares 948.73K -698.11K -42.4%
STT State Street 5.65M +591.35K +11.7%
BLK Blackrock 10.12M -414.94K -3.9%
MCQEF Macquarie 479.42K +371.15K +342.8%
Renaissance Technologies 99.2K -332.7K -77.0%
PFG Principal Financial Group Inc - Registered Shares 4.58M +311.87K +7.3%

Financial report summary

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Management Discussion
  • SUN COMMUNITIES, INC.
  • The RV and Marina industries are seasonal in nature, and the results of operations in any one period may not be indicative of results in future periods.
  • In the RV segment, certain properties maintain higher occupancy during the summer months, while other properties maintain higher occupancy during the winter months. Based on the location of our properties with transient RV sites, our portfolio generally produces higher revenues between April and September than between October and March. Real property - transient revenue is included in RV segment revenue. As of June 30, 2022, we recognized Real property - transient revenue of $42.7 million in the first quarter and $93.1 million in the second quarter. Real property - transient revenue was $266.6 million for the year ended December 31, 2021. In 2021, Real property - transient revenue was recognized 11.9 percent in the first quarter, 27.3 percent in the second quarter, 44.9 percent in the third quarter and 15.9 percent in the fourth quarter.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accelerated, accrued, advantage, assembled, AUD, CAD, complying, component, decimal, deposit, deposited, earnout, escrow, Free, GBP, holiday, iv, outpacing, page, parcel, partially, platform, Pound, precisely, repurchase, Rican, scale, spread, SUI, summary, unpaid, USD, workforce, yacht
Removed: adjacent, antidilutive, borrow, conducted, coupled, detailed, execution, exercise, repaid, replaced, traffic, treat