Hsbc Holdings PLC Raises Stake in Sun Communities, Inc. $SUI

Hsbc Holdings PLC increased its holdings in shares of Sun Communities, Inc. (NYSE:SUI) by 0.8% during the 1st quarter, HoldingsChannel reports. The fund owned 601,525 shares of the real estate investment trust’s stock after buying an additional 4,882 shares during the period. Hsbc Holdings PLC’s holdings in Sun Communities were worth $75,823,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SUI. Norges Bank bought a new position in shares of Sun Communities during the fourth quarter valued at approximately $753,364,000. State Street Corp lifted its holdings in shares of Sun Communities by 4.2% during the third quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock valued at $699,862,000 after purchasing an additional 214,634 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Sun Communities by 12.4% in the 4th quarter. Wellington Management Group LLP now owns 5,039,870 shares of the real estate investment trust’s stock worth $624,490,000 after purchasing an additional 554,075 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Sun Communities by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,338,358 shares of the real estate investment trust’s stock worth $288,937,000 after purchasing an additional 9,539 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Sun Communities by 37,933.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock worth $182,663,000 after buying an additional 1,470,286 shares during the last quarter. Institutional investors own 99.59% of the company’s stock.

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

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reduced their price objective on Sun Communities from $151.00 to $149.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Odean Cap Resea raised Sun Communities to a “strong-buy” rating in a research note on Thursday, July 9th. Weiss Ratings cut shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Evercore reiterated an “outperform” rating and set a $144.00 price target on shares of Sun Communities in a report on Wednesday, April 29th. Finally, Colliers Securities raised shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.05.

Sun Communities Price Performance

NYSE SUI opened at $121.52 on Monday. The stock has a market capitalization of $14.98 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 4.01 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 current ratio of 3.39 and a quick ratio of 3.39. The business’s fifty day moving average price is $122.35 and its 200-day moving average price is $126.55.

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. On average, equities analysts predict that Sun Communities, Inc. will post 6.9 earnings per share for the current year.

Sun Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, June 30th. Sun Communities’s payout ratio is currently 40.69%.

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.