Bank of New York Mellon Corp Acquires 155,921 Shares of Sun Communities, Inc. $SUI

Bank of New York Mellon Corp lifted its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 692,017 shares of the real estate investment trust’s stock after acquiring an additional 155,921 shares during the period. Bank of New York Mellon Corp’s holdings in Sun Communities were worth $85,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Sun Communities by 1,226.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 184 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of Sun Communities during the third quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Sun Communities during the third quarter worth about $27,000. Global X Japan Co. Ltd. bought a new stake in shares of Sun Communities during the fourth quarter worth about $33,000. Finally, Assetmark Inc. increased its position in shares of Sun Communities by 55.7% during the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 97 shares in the last quarter. 99.59% of the stock is owned by institutional investors.

Sun Communities Stock Down 1.2%

Sun Communities stock opened at $122.18 on Tuesday. Sun Communities, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $137.85. The stock has a market cap of $15.06 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 4.06 and a beta of 0.80. The firm’s 50-day simple moving average is $126.15 and its 200 day simple moving average is $127.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39.

Sun Communities (NYSE:SUI) last released its quarterly 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). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The firm had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $472.40 million. During the same quarter last year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. 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. Research analysts predict that Sun Communities, Inc. will post 6.94 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.12 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.48 annualized dividend and a yield of 3.7%. Sun Communities’s payout ratio is 40.69%.

Wall Street Analyst Weigh In

SUI has been the subject of several recent research reports. Weiss Ratings downgraded shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Zelman & Associates initiated coverage on shares of Sun Communities in a research report on Monday, March 16th. They set an “outperform” rating and a $127.75 target price for the company. Truist Financial decreased their target price on shares of Sun Communities from $147.00 to $141.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Evercore reissued an “outperform” rating and set a $144.00 target price on shares of Sun Communities in a research report on Wednesday, April 29th. Finally, Citigroup boosted their target price on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $141.13.

Insiders Place Their Bets

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the transaction, the executive vice president directly owned 9,998 shares in the company, valued at approximately $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.58% of the company’s stock.

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.