Sun Communities, Inc. $SUI Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 596,643 shares of the real estate investment trust’s stock after buying an additional 51,941 shares during the quarter. Hsbc Holdings PLC’s holdings in Sun Communities were worth $74,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SUI. Thurston Springer Miller Herd & Titak Inc. raised its stake in Sun Communities by 1,226.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 184 shares during the last quarter. Fulcrum Asset Management LLP acquired a new stake in Sun Communities in the third quarter worth about $27,000. Global X Japan Co. Ltd. purchased a new stake in shares of Sun Communities during the fourth quarter worth about $33,000. Wiser Advisor Group LLC purchased a new stake in shares of Sun Communities during the third quarter worth about $46,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of Sun Communities during the fourth quarter valued at about $48,000. 99.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Sun Communities from $141.00 to $138.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Jefferies Financial Group raised shares of Sun Communities to a “strong-buy” rating in a research report on Friday, June 26th. Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Friday, May 22nd. Wells Fargo & Company decreased their price target on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Barclays lowered their price objective on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.48.

Sun Communities Trading Up 0.0%

Shares of NYSE:SUI opened at $123.66 on Friday. 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, Inc. has a 52-week low of $115.53 and a 52-week high of $137.85. The stock has a market cap of $15.24 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 4.07 and a beta of 0.79. The business has a 50-day moving average price of $123.74 and a 200-day moving average price of $126.76.

Sun Communities (NYSE:SUI) last issued its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The firm had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $472.40 million. During the same quarter in the prior year, the company earned $1.26 EPS. Sun Communities’s quarterly revenue was up 8.0% on a year-over-year basis. 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 predict that Sun Communities, Inc. will post 6.93 EPS for the current year.

Sun Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, June 30th. Sun Communities’s payout ratio is presently 40.69%.

Insider Buying and Selling at Sun Communities

In related news, Director Gary A. Shiffman sold 25,031 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of 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 document filed with the SEC, which is available at this hyperlink. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This represents 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.

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.