NewEdge Wealth LLC Invests $786,000 in Sun Communities, Inc. $SUI

NewEdge Wealth LLC bought a new stake in Sun Communities, Inc. (NYSE:SUI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,243 shares of the real estate investment trust’s stock, valued at approximately $786,000.

A number of other large investors also recently bought and sold shares of SUI. Norges Bank acquired a new position in shares of Sun Communities in the 4th quarter valued at $753,364,000. State Street Corp increased its holdings in shares of Sun Communities by 4.2% during the 3rd quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock worth $699,862,000 after buying an additional 214,634 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Sun Communities by 12.4% in the 4th quarter. Wellington Management Group LLP now owns 5,039,870 shares of the real estate investment trust’s stock worth $624,490,000 after buying an additional 554,075 shares during the period. Geode Capital Management LLC raised its position in shares of Sun Communities by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,338,358 shares of the real estate investment trust’s stock worth $288,937,000 after buying an additional 9,539 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Sun Communities by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,812,301 shares of the real estate investment trust’s stock valued at $228,280,000 after acquiring an additional 51,588 shares during the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Insider Activity

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary A. Shiffman sold 25,031 shares of the stock in a transaction that occurred 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 directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This trade represents a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SUI. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Sun Communities in a research report on Thursday, May 14th. Barclays decreased their target price on Sun Communities from $147.00 to $146.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Jefferies Financial Group raised shares of Sun Communities to a “strong-buy” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company cut their price target on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, Odeon Capital Group set a $135.00 price target on shares of Sun Communities in a research report on Thursday, July 9th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.05.

Sun Communities Stock Down 0.4%

Shares of NYSE SUI opened at $121.30 on Tuesday. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85. The company has a market cap of $14.95 billion, a P/E ratio of 11.02, a P/E/G ratio of 4.03 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. The stock has a fifty day moving average price of $122.03 and a 200 day moving average price of $126.44.

Sun Communities (NYSE:SUI) last issued 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 company had revenue of $500.50 million for the quarter, compared to analyst estimates of $472.40 million. During the same quarter in the prior year, the firm earned $1.26 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Research analysts anticipate that Sun Communities, Inc. will post 6.9 EPS for the current fiscal year.

Sun Communities Dividend Announcement

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

Key Stories Impacting Sun Communities

Here are the key news stories impacting Sun Communities this week:

• Positive Sentiment: Second-quarter core funds from operations (CFFO) came in at $1.84 per share, above the FactSet estimate of $1.76, indicating that the REIT’s underlying property operations performed better than the headline loss suggests. Sun Communities CFFO report
• Positive Sentiment: Sun Communities raised its fiscal 2026 EPS outlook to $6.94–$7.10, modestly above the $6.93 analyst consensus. The midpoint also implies confidence in earnings performance for the remainder of the year.
• Neutral Sentiment: Third-quarter 2026 EPS guidance of $2.23–$2.33 brackets the $2.24 consensus estimate, suggesting results are expected to be broadly in line with Wall Street forecasts.
• Negative Sentiment: The REIT reported a $8.08 diluted loss per share, far below the $0.66 consensus estimate. The company said the loss included discontinued operations, but the size of the miss is likely weighing on sentiment. Revenue of $478.4 million also fell well short of the $623.4 million analyst estimate. Sun Communities second-quarter results

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.