NewEdge Wealth LLC purchased a new position in Sun Communities, Inc. (NYSE:SUI – Free Report) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 6,243 shares of the real estate investment trust’s stock, valued at approximately $786,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Sun Communities during the 4th quarter valued at approximately $753,364,000. Wellington Management Group LLP boosted its stake in shares of Sun Communities by 1,224.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock valued at $578,668,000 after buying an additional 4,147,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Sun Communities by 37,933.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock worth $182,663,000 after buying an additional 1,470,286 shares during the last quarter. M&T Bank Corp raised its holdings in Sun Communities by 20,348.9% in the fourth quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock valued at $61,749,000 after acquiring an additional 495,902 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Sun Communities by 152.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 767,190 shares of the real estate investment trust’s stock valued at $95,063,000 after acquiring an additional 463,312 shares in the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on SUI. Jefferies Financial Group raised shares of Sun Communities to a “strong-buy” rating in a report on Wednesday, July 22nd. Weiss Ratings lowered shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Barclays reduced their price target on shares of Sun Communities from $147.00 to $146.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Sun Communities in a research note on Thursday, May 14th. Finally, Evercore reissued an “outperform” rating and issued a $144.00 price objective on shares of Sun Communities in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.05.
Insider Transactions at Sun Communities
In other Sun Communities news, Director Gary A. Shiffman sold 25,031 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total value of $3,002,718.76. Following the transaction, the director owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the transaction, the executive vice president owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.58% of the stock is owned by corporate insiders.
Sun Communities Stock Performance
Sun Communities stock opened at $121.30 on Tuesday. The company has a market cap of $14.95 billion, a PE ratio of 11.02, a P/E/G ratio of 4.03 and a beta of 0.79. The company has a fifty day moving average price of $122.03 and a two-hundred day moving average price of $126.44. 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 12 month low of $115.53 and a 12 month high of $137.85.
Sun Communities (NYSE:SUI – Get Free Report) last released its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($1.38). The business had revenue of $500.50 million for 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS. Research analysts expect that Sun Communities, Inc. will post 6.9 earnings per share for the current year.
Sun Communities Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $1.12 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. Sun Communities’s payout ratio is 40.69%.
More Sun Communities News
Here are the key news stories impacting Sun Communities this week:
- Positive Sentiment: Second-quarter core funds from operations (CFFO) came in at $1.84 per share, above the FactSet estimate of $1.76, indicating that the REIT’s underlying property operations performed better than the headline loss suggests. Sun Communities CFFO report
- Positive Sentiment: Sun Communities raised its fiscal 2026 EPS outlook to $6.94–$7.10, modestly above the $6.93 analyst consensus. The midpoint also implies confidence in earnings performance for the remainder of the year.
- Neutral Sentiment: Third-quarter 2026 EPS guidance of $2.23–$2.33 brackets the $2.24 consensus estimate, suggesting results are expected to be broadly in line with Wall Street forecasts.
- Negative Sentiment: The REIT reported a $8.08 diluted loss per share, far below the $0.66 consensus estimate. The company said the loss included discontinued operations, but the size of the miss is likely weighing on sentiment. Revenue of $478.4 million also fell well short of the $623.4 million analyst estimate. Sun Communities second-quarter results
Sun Communities Company Profile
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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