Dodge & Cox Reduces $28M in Sun Communities, Inc. ($SUI)

Dodge & Cox has trimmed its investment in Sun Communities, Inc. (NYSE:SUI), reducing its position by 225,835 shares. This adjustment brings its total holdings to 14,266,030 shares, as detailed in its most recent Form 13F filing with the SEC. The shares are valued at approximately $1.80 billion, reflecting a 1.56% decrease in the stake.

What Changed in Dodge & Cox's Sun Communities Position

Dodge & Cox's recent filing shows a reduction in its Sun Communities holdings. The firm now holds 14,266,030 shares, down from 14,491,865 shares previously. This change represents a decrease of 225,835 shares, or 1.56%, as reported for the end of the filing period. The value of these holdings stands at about $1.80 billion.

Sun Communities Stock Snapshot

Shares of Sun Communities, Inc. (NYSE:SUI) are trading around $125.85. The company has a market capitalization of approximately $15.62 billion. It trades with a forward P/E ratio of 44.89, indicating investor expectations for future earnings growth. The stock's beta is 0.793, suggesting it is less volatile than the broader market. Over the past 52 weeks, the stock has ranged between $115.53 and $137.85. Its 50-day moving average is $126.01, while the 200-day moving average is $126.99. The company maintains a current ratio of 2.494 and a quick ratio of 2.056, with a debt-to-equity ratio of 62.535.

Recent Earnings

Sun Communities reported revenue of approximately $2.34 billion, with a revenue growth rate of 8.6%. Despite a negative EPS of -$0.49, the company achieved a net margin of 59.65% and a return on equity of 0.25%. The next earnings report is expected on April 27, 2026.

Dividend

Sun Communities offers an annual dividend rate of $4.32 per share, yielding 3.43%. The dividend payout ratio is 4.53%, indicating the portion of earnings paid out as dividends.

About Sun Communities

Sun Communities, Inc. is a real estate investment trust (REIT) based in Southfield, Michigan. The company focuses on owning and operating manufactured housing and recreational vehicle communities. Founded in 1975, it became publicly traded in 1993. As of March 31, 2026, Sun Communities owns or has interests in 515 properties across the U.S., Canada, and the U.K., comprising approximately 179,300 developed sites. The company is led by CEO Mr. Charles D. Young and employs about 3,607 people.

Bottom Line

Dodge & Cox's decision to trim its stake in Sun Communities, Inc. reflects a modest adjustment in its investment strategy. Investors often track such filings to gauge institutional sentiment, although it's important to remember that 13F filings are historical and may not reflect current positions. Sun Communities remains a notable player in the REIT sector, with a strong market presence and a steady dividend offering.