Sun Communities, Inc. $SUI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in shares of Sun Communities, Inc. (NYSE:SUI) by 1.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 682,504 shares of the real estate investment trust’s stock after selling 9,513 shares during the quarter. Bank of New York Mellon Corp’s holdings in Sun Communities were worth $85,968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Sun Communities in the first quarter worth $217,000. Principal Financial Group Inc. raised its holdings in shares of Sun Communities by 14.6% during the first quarter. Principal Financial Group Inc. now owns 131,568 shares of the real estate investment trust’s stock worth $16,572,000 after purchasing an additional 16,782 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of Sun Communities by 16.2% during the first quarter. Chicago Partners Investment Group LLC now owns 2,233 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 312 shares during the period. Arbejdsmarkedets Tillaegspension lifted its position in shares of Sun Communities by 4.1% in the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 196,774 shares of the real estate investment trust’s stock worth $24,786,000 after buying an additional 7,738 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Sun Communities by 39.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,683 shares of the real estate investment trust’s stock worth $7,014,000 after buying an additional 15,630 shares during the last quarter. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Stock Performance

Shares of NYSE SUI opened at $119.04 on Wednesday. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85. The company has a market cap of $14.67 billion, a PE ratio of 10.81, a P/E/G ratio of 3.97 and a beta of 0.79. The stock has a 50 day simple moving average of $122.13 and a 200-day simple moving average of $126.48. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last posted its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the consensus estimate of $1.31 by ($1.38). The business had revenue of $500.50 million during the quarter, compared to analyst estimates 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 was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, equities research analysts forecast that Sun Communities, Inc. will post 6.9 EPS for the current year.

Sun Communities Dividend Announcement

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 dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Sun Communities’s dividend payout ratio (DPR) is 40.69%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SUI shares. Royal Bank Of Canada lowered their price objective on shares of Sun Communities from $151.00 to $149.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Evercore restated an “outperform” rating and issued a $144.00 target price on shares of Sun Communities in a research note on Wednesday, April 29th. Truist Financial decreased their target price on Sun Communities from $141.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Weiss Ratings lowered Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company dropped their price target on Sun Communities from $150.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.05.

Insiders Place Their Bets

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities 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 sale, the executive vice president directly owned 9,998 shares in the company, valued at $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the sale, the director directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. The trade was a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.58% of the stock is currently 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.