Candriam S.C.A. Decreases Stake in Sun Communities, Inc. $SUI

Candriam S.C.A. lessened its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 38.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,576 shares of the real estate investment trust’s stock after selling 4,703 shares during the quarter. Candriam S.C.A.’s holdings in Sun Communities were worth $954,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. CoreCap Advisors LLC lifted its stake in shares of Sun Communities by 3.8% in the fourth quarter. CoreCap Advisors LLC now owns 2,228 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 82 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sun Communities by 9.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 84 shares in the last quarter. IFP Advisors Inc raised its holdings in Sun Communities by 3.2% in the 4th quarter. IFP Advisors Inc now owns 2,902 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 89 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Sun Communities by 13.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 773 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 90 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Sun Communities by 2.1% in the 4th quarter. CIBC Asset Management Inc now owns 5,467 shares of the real estate investment trust’s stock worth $677,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Price Performance

NYSE:SUI opened at $118.54 on Thursday. Sun Communities, Inc. has a 52 week low of $115.53 and a 52 week high of $137.85. The stock’s fifty day moving average is $122.53 and its two-hundred day moving average is $126.59. The company has a market capitalization of $14.61 billion, a P/E ratio of 10.77, a P/E/G ratio of 3.96 and a beta of 0.79. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60.

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 analysts’ consensus estimates of $1.31 by ($1.38). The business had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. 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. Equities analysts expect that Sun Communities, Inc. will post 6.9 EPS for the current year.

Sun Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $1.12 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. Sun Communities’s dividend payout ratio (DPR) is currently 40.69%.

Wall Street Analysts Forecast Growth

SUI has been the topic of several recent research reports. Weiss Ratings cut Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Colliers Securities upgraded Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Sun Communities in a research note on Thursday, May 14th. Barclays dropped their target price on Sun Communities from $147.00 to $146.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Wells Fargo & Company cut their target price on Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Sun Communities presently has an average rating of “Moderate Buy” and an average price target of $140.05.

Insider Buying and Selling

In other news, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction that occurred on 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 directly owned 857,761 shares in the company, valued at approximately $102,897,009.56. This represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $2,955,212.50. Following the completion of the sale, the executive vice president owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This trade represents a 70.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.58% of the stock is currently owned by 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.