SG Americas Securities LLC Raises Position in Sun Communities, Inc. $SUI

SG Americas Securities LLC grew its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 91.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,193 shares of the real estate investment trust’s stock after acquiring an additional 94,522 shares during the period. SG Americas Securities LLC’s holdings in Sun Communities were worth $24,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in Sun Communities by 17.8% during the first quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock valued at $1,554,000 after purchasing an additional 1,827 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Sun Communities by 21.1% in the first quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust’s stock worth $25,128,000 after buying an additional 33,981 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Sun Communities by 32.5% in the first quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 829 shares during the period. Acadian Asset Management LLC bought a new position in shares of Sun Communities in the first quarter worth about $362,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Sun Communities by 26.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 673 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 141 shares in the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Sun Communities Stock Performance

NYSE SUI opened at $119.85 on Thursday. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 3.93 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. The business has a 50-day moving average price of $124.85 and a 200-day moving average price of $126.92. Sun Communities, Inc. has a twelve month low of $115.53 and a twelve month high of $137.85.

Sun Communities (NYSE:SUI) last issued its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($1.38). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business had revenue of $500.50 million for the quarter, compared to the consensus estimate of $472.40 million. During the same period last year, the business posted $1.26 EPS. 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. As a group, equities research analysts predict that Sun Communities, Inc. will post 6.94 EPS for the current fiscal year.

Sun Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 annualized dividend and a dividend yield of 3.7%. Sun Communities’s dividend payout ratio (DPR) is presently 40.69%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Robert W. Baird boosted their price objective on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Sun Communities in a research note on Thursday, May 14th. Zelman & Associates assumed coverage on shares of Sun Communities in a report on Monday, March 16th. They set an “outperform” rating and a $127.75 price target on the stock. 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, Citigroup increased their price objective on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.12.

Insider Activity

In other news, 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 value of $2,955,212.50. Following the transaction, the executive vice president owned 9,998 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.58% of the stock is currently owned by insiders.

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.