Sun Communities, Inc. $SUI Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 38.3% during the 1st quarter, Holdings Channel reports. The firm owned 7,576 shares of the real estate investment trust’s stock after selling 4,703 shares during the period. Candriam S.C.A.’s holdings in Sun Communities were worth $954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its holdings in Sun Communities by 61.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,933 shares of the real estate investment trust’s stock worth $495,000 after buying an additional 1,500 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Sun Communities by 0.8% in the first quarter. Hsbc Holdings PLC now owns 601,525 shares of the real estate investment trust’s stock worth $75,823,000 after acquiring an additional 4,882 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new position in shares of Sun Communities in the first quarter worth $1,237,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Sun Communities by 3.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 435,388 shares of the real estate investment trust’s stock worth $54,841,000 after acquiring an additional 16,185 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Sun Communities by 2.0% during the first quarter. Resona Asset Management Co. Ltd. now owns 68,360 shares of the real estate investment trust’s stock worth $8,623,000 after acquiring an additional 1,362 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Insider Activity

In related news, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total value of $3,002,718.76. Following the completion of the transaction, the director directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This 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 through this hyperlink. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the stock in a transaction that occurred 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 $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 currently owned by company insiders.

Sun Communities Price Performance

Sun Communities stock opened at $118.54 on Thursday. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $122.53 and a 200-day simple moving average of $126.59. The stock has a market cap of $14.61 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 3.96 and a beta of 0.79. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85.

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). 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 during the quarter, compared to analysts’ expectations of $472.40 million. During the same period last year, the company earned $1.26 EPS. The business’s quarterly 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. Equities analysts expect that Sun Communities, Inc. will post 6.9 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $1.12 per share. This represents a $4.48 annualized dividend 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%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho decreased their target price on Sun Communities from $143.00 to $137.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Odean Cap Resea upgraded Sun Communities to a “strong-buy” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Sun Communities in a research report on Thursday, May 14th. Wells Fargo & Company decreased their price objective on Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Sun Communities has an average rating of “Moderate Buy” and an average target price of $140.05.

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.