SummitTX Capital L.P. Decreases Stock Holdings in Sun Communities, Inc. $SUI

SummitTX Capital L.P. reduced its position in shares of Sun Communities, Inc. (NYSE:SUI) by 35.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 27,841 shares of the real estate investment trust’s stock after selling 15,052 shares during the quarter. SummitTX Capital L.P.’s holdings in Sun Communities were worth $3,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SUI. Thurston Springer Miller Herd & Titak Inc. raised its stake in Sun Communities by 1,226.7% during the fourth 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 in the last quarter. Fulcrum Asset Management LLP bought a new position in Sun Communities during the third quarter valued at $27,000. Wiser Advisor Group LLC purchased a new position in shares of Sun Communities in the 3rd quarter worth $46,000. Prosperity Bancshares Inc purchased a new position in shares of Sun Communities in the 4th quarter worth $48,000. Finally, Oslo Pensjonsforsikring AS bought a new stake in shares of Sun Communities in the 1st quarter worth about $49,000. 99.59% of the stock is owned by hedge funds and other institutional investors.

Sun Communities Price Performance

Sun Communities stock opened at $121.30 on Tuesday. The firm has a 50-day moving average price of $122.03 and a 200-day moving average price of $126.44. The firm has a market capitalization of $14.95 billion, a PE ratio of 11.02, a price-to-earnings-growth 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. Sun Communities, Inc. has a 12-month low of $115.53 and a 12-month high of $137.85.

Sun Communities (NYSE:SUI) last released 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 return on equity of 0.16% and a net margin of 62.29%.The firm had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $472.40 million. During the same period in the prior year, the firm posted $1.26 earnings per share. Sun Communities’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Sun Communities, Inc. will post 6.9 EPS for the current year.

Sun Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $1.12 dividend. 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 dividend payout ratio (DPR) is presently 40.69%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Mizuho decreased their target price on shares of Sun Communities from $143.00 to $137.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Barclays reduced their price objective on Sun Communities from $147.00 to $146.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings downgraded Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a research note on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 target price on Sun Communities in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sun Communities currently has a consensus rating of “Moderate Buy” and an average target price of $140.05.

Key Headlines 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

Insider Activity at Sun Communities

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This trade represents a 70.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary A. Shiffman sold 25,031 shares of Sun Communities stock in a transaction dated 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 sale, the director owned 857,761 shares of the company’s stock, 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. 1.58% of the stock is owned by insiders.

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.