Sumitomo Mitsui Trust Group Inc. Increases Position in Sun Communities, Inc. $SUI

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 3.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 435,388 shares of the real estate investment trust’s stock after purchasing an additional 16,185 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Sun Communities were worth $54,841,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 valued at $25,000 after buying an additional 184 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in Sun Communities in the third quarter worth $27,000. Global X Japan Co. Ltd. bought a new stake in Sun Communities in the fourth quarter worth $33,000. Wiser Advisor Group LLC bought a new stake in Sun Communities in the third quarter worth $46,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Sun Communities in the fourth quarter worth $48,000. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Sun Communities Stock Performance

Shares of SUI stock traded up $0.36 on Friday, reaching $119.10. The stock had a trading volume of 657,013 shares, compared to its average volume of 1,077,345. The stock has a market cap of $14.68 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 3.93 and a beta of 0.79. 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 quick ratio of 3.39 and a current ratio of 3.39. The company has a 50 day simple moving average of $122.92 and a 200 day simple moving average of $126.66.

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 firm 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 business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm 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. Equities research analysts expect that Sun Communities, Inc. will post 6.9 EPS for the current year.

Sun Communities Announces Dividend

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

Insider Activity

In other news, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the sale, the director owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the 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. This trade represents a 70.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SUI shares. Jefferies Financial Group upgraded Sun Communities to a “strong-buy” rating in a report on Friday, June 26th. Mizuho cut their price objective on shares of Sun Communities from $143.00 to $137.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Odeon Capital Group set a $135.00 price objective on shares of Sun Communities in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Sun Communities in a report on Thursday, May 14th. Finally, Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sun Communities has an average rating of “Moderate Buy” and a consensus target price of $140.12.

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.