OVERSEA CHINESE BANKING Corp Ltd Invests $1.59 Million in Sun Communities, Inc. $SUI

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Sun Communities, Inc. (NYSE:SUI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,863 shares of the real estate investment trust’s stock, valued at approximately $1,594,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sun Communities by 1.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,176 shares of the real estate investment trust’s stock valued at $13,652,000 after buying an additional 1,317 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Sun Communities by 2.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,828 shares of the real estate investment trust’s stock valued at $722,000 after buying an additional 133 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Sun Communities by 1.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 235,582 shares of the real estate investment trust’s stock valued at $29,404,000 after buying an additional 2,783 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Sun Communities by 9.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 110,415 shares of the real estate investment trust’s stock valued at $13,564,000 after buying an additional 9,268 shares in the last quarter. Finally, Whittier Trust Co. raised its position in shares of Sun Communities by 8.8% in the fourth quarter. Whittier Trust Co. now owns 264,511 shares of the real estate investment trust’s stock valued at $32,495,000 after buying an additional 21,364 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SUI. Mizuho began coverage on shares of Sun Communities in a research report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 price target for the company. UBS Group lifted their price target on shares of Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Wells Fargo & Company upgraded shares of Sun Communities from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $133.00 to $150.00 in a research report on Friday, February 27th. Barclays lifted their price target on shares of Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Finally, Robert W. Baird lifted their price target on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.73.

Sun Communities Trading Down 1.2%

Shares of SUI opened at $127.61 on Thursday. Sun Communities, Inc. has a 52-week low of $115.53 and a 52-week high of $137.85. The business’s fifty day moving average is $131.14 and its 200-day moving average is $127.32. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.43 and a current ratio of 4.43. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 4.42 and a beta of 0.90.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $515.20 million during the quarter, compared to analysts’ expectations of $509.40 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.Sun Communities’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 EPS. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. Equities analysts anticipate that Sun Communities, Inc. will post 6.93 EPS for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.5%. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Tuesday, March 31st. Sun Communities’s payout ratio is 41.71%.

Insiders Place Their Bets

In related news, Director Clunet R. Lewis sold 3,200 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $136.15, for a total value of $435,680.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.58% of the stock is owned by company insiders.

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.