Union Bancaire Privee UBP SA Buys New Stake in Sun Communities, Inc. $SUI

Union Bancaire Privee UBP SA purchased a new stake in Sun Communities, Inc. (NYSE:SUI) during the first quarter, according to its most recent filing with the SEC. The fund purchased 5,548 shares of the real estate investment trust’s stock, valued at approximately $699,000.

Several other hedge funds have also bought and sold shares of SUI. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 worth $25,000 after buying an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Sun Communities during the 3rd quarter valued at approximately $27,000. Fulcrum Asset Management LLP bought a new stake in Sun Communities in the 3rd quarter worth approximately $27,000. Global X Japan Co. Ltd. bought a new stake in Sun Communities in the 4th quarter worth approximately $33,000. Finally, Wiser Advisor Group LLC bought a new stake in Sun Communities in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Price Performance

Shares of Sun Communities stock opened at $121.28 on Monday. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 3.98 and a beta of 0.80. 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 stock has a 50 day moving average price of $124.47 and a 200-day moving average price of $126.82. Sun Communities, Inc. has a one year low of $115.53 and a one year high of $137.85.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). The company had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The firm’s quarterly 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. Equities analysts expect that Sun Communities, Inc. will post 6.94 EPS for the current year.

Sun Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, June 30th. Sun Communities’s dividend payout ratio (DPR) is 40.69%.

Insider Transactions at Sun Communities

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 SEC filing for this sale provides additional information. 1.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Colliers Securities upgraded Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Friday, May 22nd. Barclays reduced their price target on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a research report 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 on the stock in a research note on Friday, May 29th. Evercore reiterated an “outperform” rating and set a $144.00 price objective on shares of Sun Communities in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 price objective on shares of Sun Communities in a research note on Thursday, May 14th. One equities research analyst has 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.91.

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.