Hsbc Holdings PLC Grows Position in Sun Communities, Inc. $SUI

Hsbc Holdings PLC raised its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 596,643 shares of the real estate investment trust’s stock after purchasing an additional 51,941 shares during the quarter. Hsbc Holdings PLC’s holdings in Sun Communities were worth $74,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Sun Communities by 1,226.7% during 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 during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sun Communities during the third quarter valued at $27,000. Fulcrum Asset Management LLP acquired a new position in shares of Sun Communities in the 3rd quarter valued at $27,000. Global X Japan Co. Ltd. acquired a new position in shares of Sun Communities in the 4th quarter valued at $33,000. Finally, Assetmark Inc. raised its stake in Sun Communities by 55.7% in 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 during the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Trading Down 0.3%

NYSE SUI opened at $118.16 on Tuesday. The company has a market capitalization of $14.56 billion, a PE ratio of 10.73, a P/E/G ratio of 3.89 and a beta of 0.80. The company has a fifty day moving average of $125.23 and a 200 day moving average of $127.03. Sun Communities, Inc. has a 1 year low of $115.53 and a 1 year high of $137.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39.

Sun Communities (NYSE:SUI) last posted its quarterly 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). The business had revenue of $500.50 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Research analysts forecast that Sun Communities, Inc. will post 6.94 earnings per share for the current year.

Sun Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $1.12 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. Sun Communities’s dividend payout ratio is presently 40.69%.

Insider Activity at Sun Communities

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.58% of the stock is owned by insiders.

Analyst Ratings Changes

SUI has been the subject of a number of research reports. Robert W. Baird lifted their price target on Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Mizuho started coverage on Sun Communities in a research note on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 price objective for the company. Evercore reaffirmed an “outperform” rating and set a $144.00 target price on shares of Sun Communities in a report on Wednesday, April 29th. Zelman & Associates started coverage on Sun Communities in a research report on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price on the stock. Finally, Barclays dropped their target price on Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.12.

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.