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

Hsbc Holdings PLC increased its stake in Sun Communities, Inc. (NYSE:SUI) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 601,525 shares of the real estate investment trust’s stock after acquiring an additional 4,882 shares during the period. Hsbc Holdings PLC owned about 0.49% of Sun Communities worth $75,823,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SUI. CoreCap Advisors LLC increased its stake in Sun Communities by 3.8% in the 4th quarter. CoreCap Advisors LLC now owns 2,228 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 82 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sun Communities by 9.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 84 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Sun Communities by 3.2% during the fourth quarter. IFP Advisors Inc now owns 2,902 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 89 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Sun Communities by 13.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 773 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 90 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Sun Communities by 2.1% in the fourth quarter. CIBC Asset Management Inc now owns 5,467 shares of the real estate investment trust’s stock worth $677,000 after purchasing an additional 112 shares during the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Sun Communities Trading Up 0.1%

NYSE:SUI opened at $121.52 on Monday. The company has a 50-day moving average price of $122.35 and a 200-day moving average price of $126.55. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 4.01 and a beta of 0.79. The company has a current ratio of 3.39, a quick 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.

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

Sun Communities Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on SUI. Odean Cap Resea upgraded shares of Sun Communities to a “strong-buy” rating in a report on Thursday, July 9th. Jefferies Financial Group raised shares of Sun Communities to a “strong-buy” rating in a report on Friday, June 26th. Odeon Capital Group set a $135.00 price objective on shares of Sun Communities in a research report on Thursday, July 9th. Truist Financial lowered their price objective on shares of Sun Communities from $141.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Finally, Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Sun Communities has a consensus rating of “Moderate Buy” and a consensus target price of $140.05.

Insider Buying and Selling

In other news, Director Gary A. Shiffman sold 25,031 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director owned 857,761 shares of the company’s stock, valued at approximately $102,897,009.56. This represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. 1.58% of the stock is currently owned by corporate insiders.

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.