SG Americas Securities LLC Grows Position in Sun Communities, Inc. $SUI

SG Americas Securities LLC raised its stake in Sun Communities, Inc. (NYSE:SUI) by 1,504.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,671 shares of the real estate investment trust’s stock after acquiring an additional 97,210 shares during the quarter. SG Americas Securities LLC’s holdings in Sun Communities were worth $12,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fulcrum Asset Management LLP acquired a new stake in shares of Sun Communities during the third quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new position in Sun Communities in the 3rd quarter valued at about $27,000. Elevation Point Wealth Partners LLC acquired a new position in Sun Communities in the 2nd quarter valued at about $30,000. MAI Capital Management lifted its holdings in Sun Communities by 164.4% in the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 166 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Sun Communities by 55.7% in the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 97 shares in the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Zelman & Associates assumed coverage on shares of Sun Communities in a research note on Monday, March 16th. They set an “outperform” rating and a $127.75 price target on the stock. Truist Financial boosted their price objective on shares of Sun Communities from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Wells Fargo & Company raised shares of Sun Communities from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $133.00 to $150.00 in a research note on Friday, February 27th. UBS Group raised their target price on shares of Sun Communities from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Robert W. Baird boosted their price target on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sun Communities currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.98.

Sun Communities Trading Down 1.7%

Shares of SUI opened at $125.60 on Friday. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $15.47 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 4.29 and a beta of 0.88. The stock’s fifty day simple moving average is $130.39 and its 200 day simple moving average is $127.36. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.85.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The firm had revenue of $515.20 million during the quarter, compared to the consensus estimate of $509.40 million. During the same quarter in the previous year, the business earned $1.41 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. On average, equities research analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $1.12 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. This is an increase from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s dividend payout ratio is presently 38.73%.

Insider Activity

In other news, Director Clunet R. Lewis sold 3,200 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.77% of the company’s stock.

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.