4,150 Shares in Sun Communities, Inc. $SUI Acquired by Havemeyer Place LP

Havemeyer Place LP purchased a new position in shares of Sun Communities, Inc. (NYSE:SUI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,150 shares of the real estate investment trust’s stock, valued at approximately $514,000.

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Sun Communities by 1,226.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Sun Communities during the 3rd quarter worth approximately $27,000. Fulcrum Asset Management LLP acquired a new stake in shares of Sun Communities during the 3rd quarter worth approximately $27,000. Global X Japan Co. Ltd. acquired a new stake in shares of Sun Communities during the 4th quarter worth approximately $33,000. Finally, Assetmark Inc. boosted its position in shares of Sun Communities by 55.7% during the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 99.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SUI has been the topic of several analyst reports. Mizuho initiated coverage on shares of Sun Communities in a research report on Tuesday, March 31st. They set an “outperform” rating and a $143.00 price target on the stock. Citigroup increased 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. Robert W. Baird increased their price target on shares of Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. 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 report on Friday, May 22nd. Finally, Royal Bank Of Canada reduced their price target on shares of Sun Communities from $151.00 to $149.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $141.13.

Sun Communities Price Performance

Shares of NYSE:SUI opened at $124.68 on Wednesday. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 4.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39. The firm has a 50 day simple moving average of $126.13 and a 200 day simple moving average of $127.36. 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 data 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). The company had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. Sun Communities’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. 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. Research analysts predict that Sun Communities, Inc. will post 6.94 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

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

Insider Buying and Selling

In related news, 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 value of $2,955,212.50. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.