Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Position in Sun Communities, Inc. $SUI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 39.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,683 shares of the real estate investment trust’s stock after purchasing an additional 15,630 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Sun Communities were worth $7,014,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Sun Communities by 29.2% in the 1st quarter. Fifth Third Bancorp now owns 5,148 shares of the real estate investment trust’s stock valued at $648,000 after purchasing an additional 1,163 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Sun Communities by 61.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,933 shares of the real estate investment trust’s stock worth $495,000 after purchasing an additional 1,500 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Sun Communities by 0.8% during the first quarter. Hsbc Holdings PLC now owns 601,525 shares of the real estate investment trust’s stock worth $75,823,000 after purchasing an additional 4,882 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new position in shares of Sun Communities during the first quarter worth $1,237,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Sun Communities by 3.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 435,388 shares of the real estate investment trust’s stock valued at $54,841,000 after buying an additional 16,185 shares during the last quarter. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Stock Down 0.6%

SUI opened at $120.09 on Wednesday. Sun Communities, Inc. has a one year low of $115.53 and a one year high of $137.85. 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 stock has a market capitalization of $14.80 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 3.99 and a beta of 0.79. The business’s 50-day simple moving average is $122.67 and its 200-day simple moving average is $126.64.

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

Sun Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Sun Communities’s payout ratio is presently 40.69%.

Insider Buying and Selling at Sun Communities

In related news, Director Gary A. Shiffman sold 25,031 shares of the stock in a transaction on 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 in the company, valued at $102,897,009.56. This represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the stock in a transaction 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 sale, the executive vice president owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. This 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.

Analysts Set New Price Targets

A number of analysts have weighed in on SUI shares. Truist Financial cut 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. Mizuho cut their target price on Sun Communities from $143.00 to $137.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Odean Cap Resea upgraded Sun Communities to a “strong-buy” rating in a research note on Thursday, July 9th. Odeon Capital Group set a $135.00 price target on Sun Communities in a report on Thursday, July 9th. Finally, Jefferies Financial Group upgraded shares of Sun Communities to a “strong-buy” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.05.

About Sun Communities

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.