Havemeyer Place LP Acquires New Stake in Sun Communities, Inc. $SUI

Havemeyer Place LP acquired a new stake in Sun Communities, Inc. (NYSE:SUI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,150 shares of the real estate investment trust’s stock, valued at approximately $514,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 acquiring an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Sun Communities in the third quarter valued at about $27,000. Fulcrum Asset Management LLP acquired a new stake in shares of Sun Communities in the third quarter valued at about $27,000. Global X Japan Co. Ltd. acquired a new stake in shares of Sun Communities in the fourth quarter valued at about $33,000. Finally, Assetmark Inc. increased its position in shares of Sun Communities by 55.7% in the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 97 shares during the last quarter. 99.59% of the stock is owned by institutional investors.

Insider Activity

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the transaction, the executive vice president owned 9,998 shares in the company, valued at $1,244,051.14. This represents a 70.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SUI. Truist Financial lowered their target price on Sun Communities from $147.00 to $141.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Robert W. Baird lifted their target price on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Sun Communities in a research report on Thursday, May 14th. Mizuho began coverage on Sun Communities in a research report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 target price on the stock. Finally, Weiss Ratings downgraded Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.13.

Sun Communities Stock Up 2.0%

Shares of SUI stock opened at $124.68 on Wednesday. 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 firm’s 50-day moving average is $126.13 and its 200-day moving average is $127.36. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 4.02 and a beta of 0.79. Sun Communities, Inc. has a 52-week low of $115.53 and a 52-week 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) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $472.40 million. During the same quarter last year, the company posted $1.26 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. 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. Sell-side analysts predict that Sun Communities, Inc. will post 6.94 EPS for the current year.

Sun Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, June 30th. Sun Communities’s dividend payout ratio is presently 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.