Swiss National Bank Has $45.71 Million Stake in Sun Communities, Inc. $SUI

Swiss National Bank grew its holdings in Sun Communities, Inc. (NYSE:SUI) by 5.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 362,860 shares of the real estate investment trust’s stock after acquiring an additional 19,900 shares during the quarter. Swiss National Bank’s holdings in Sun Communities were worth $45,706,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sun Communities by 1,226.7% in 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 purchasing an additional 184 shares during the period. Fulcrum Asset Management LLP acquired a new stake in Sun Communities during the 3rd quarter worth approximately $27,000. Global X Japan Co. Ltd. bought a new position in Sun Communities in the fourth quarter valued at approximately $33,000. Wiser Advisor Group LLC bought a new position in Sun Communities in the third quarter valued at approximately $46,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of Sun Communities in the fourth quarter valued at approximately $48,000. Institutional investors own 99.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Mizuho reduced their target price on shares of Sun Communities from $143.00 to $137.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Wells Fargo & Company lowered their target price on Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Colliers Securities raised Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Friday, May 22nd. Finally, Truist Financial dropped their price target on Sun Communities from $141.00 to $138.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Two research 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. According to MarketBeat, Sun Communities presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.05.

Insider Transactions at Sun Communities

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the sale, the executive vice president owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total value of $3,002,718.76. Following the sale, the director owned 857,761 shares in the company, valued at $102,897,009.56. The trade was a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.58% of the company’s stock.

Sun Communities Price Performance

NYSE SUI opened at $119.73 on Thursday. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85. The company has a market capitalization of $14.75 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 3.93 and a beta of 0.79. The firm’s 50 day moving average is $122.04 and its 200-day moving average is $126.45.

Sun Communities (NYSE:SUI) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The business had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. 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 anticipate that Sun Communities, Inc. will post 6.9 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

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