Daiwa Securities Group Inc. Sells 293,969 Shares of Sun Communities, Inc. $SUI

Daiwa Securities Group Inc. reduced its position in Sun Communities, Inc. (NYSE:SUI) by 16.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,511,146 shares of the real estate investment trust’s stock after selling 293,969 shares during the quarter. Sun Communities makes up about 0.6% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 29th largest holding. Daiwa Securities Group Inc.’s holdings in Sun Communities were worth $187,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SUI. Norges Bank bought a new position in shares of Sun Communities in the fourth quarter worth approximately $753,364,000. Wellington Management Group LLP boosted its position in shares of Sun Communities by 1,224.1% in the third quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock worth $578,668,000 after purchasing an additional 4,147,015 shares during the period. M&T Bank Corp boosted its position in shares of Sun Communities by 20,348.9% in the fourth quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock worth $61,749,000 after purchasing an additional 495,902 shares during the period. Millennium Management LLC boosted its position in shares of Sun Communities by 124.4% in the third quarter. Millennium Management LLC now owns 685,324 shares of the real estate investment trust’s stock worth $88,407,000 after purchasing an additional 379,877 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in shares of Sun Communities in the third quarter worth approximately $42,260,000. 99.59% of the stock is currently owned by institutional investors.

Sun Communities Price Performance

Shares of NYSE:SUI opened at $122.91 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. The firm has a fifty day moving average price of $126.35 and a 200 day moving average price of $127.40. Sun Communities, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $137.85. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 3.96 and a beta of 0.79.

Sun Communities (NYSE:SUI) last issued its 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). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company had revenue of $500.50 million for the quarter, compared to the consensus estimate of $472.40 million. During the same quarter in the prior year, the company posted $1.26 EPS. Sun Communities’s revenue 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. As a group, sell-side analysts expect that Sun Communities, Inc. will post 6.94 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

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

Insider Buying and Selling at Sun Communities

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the company’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 completion of the transaction, the executive vice president owned 9,998 shares in the company, valued at approximately $1,244,051.14. This represents a 70.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.58% of the company’s stock.

Analyst Ratings Changes

SUI has been the subject of a number of recent analyst reports. Citigroup upped their price target 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. Truist Financial dropped their price target 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. Mizuho initiated 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. Evercore reiterated an “outperform” rating and issued a $144.00 price target on shares of Sun Communities in a research report on Wednesday, April 29th. Finally, Barclays dropped their price target on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.27.

Sun Communities 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.