Danske Bank A S Increases Stock Position in Sun Communities, Inc. $SUI

Key Points

• Danske Bank increased its stake in Sun Communities by 25.9% during Q4 to 73,303 shares, worth about $9.08 million.
• Sun Communities reported a surprise Q1 EPS miss—($0.07) vs. $1.31 expected—while revenue rose 8% to $500.5 million; the company set Q2 2026 guidance of 1.710–1.790 EPS and FY2026 guidance of 6.870–7.070 EPS.
• The firm raised its quarterly dividend to $1.12 (annualized $4.48, yield ~3.6%), and analysts' consensus is a Moderate Buy with an average target price of $140.61.

Danske Bank A S boosted its stake in Sun Communities, Inc. (NYSE:SUI - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,303 shares of the real estate investment trust's stock after purchasing an additional 15,100 shares during the quarter. Danske Bank A S owned about 0.06% of Sun Communities worth $9,083,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Sun Communities by 1,226.7% during 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 during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Sun Communities during the 3rd quarter valued at approximately $27,000. Fulcrum Asset Management LLP bought a new position in shares of Sun Communities during the 3rd quarter valued at approximately $27,000. Global X Japan Co. Ltd. bought a new position in shares of Sun Communities during the 4th quarter valued at approximately $33,000. Finally, Assetmark Inc. boosted its position in shares of Sun Communities by 55.7% during the 3rd 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. Hedge funds and other institutional investors own 99.59% of the company's stock.

Wall Street Analysts Forecast Growth

SUI has been the topic of several recent research reports. Evercore restated an "outperform" rating and set a $144.00 target price on shares of Sun Communities in a research report on Wednesday, April 29th. Mizuho initiated coverage on shares of Sun Communities in a research report on Tuesday, March 31st. They set an "outperform" rating and a $143.00 target price on the stock. Citigroup upped their target price on shares of Sun Communities from $150.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Wells Fargo & Company upgraded shares of Sun Communities from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $133.00 to $150.00 in a research report on Friday, February 27th. Finally, UBS Group increased their price target on Sun Communities from $126.00 to $127.00 and gave the company a "neutral" rating in a report on Thursday, January 8th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $140.61.

Insider Activity at Sun Communities

In other news, Director Clunet R. Lewis sold 3,800 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.01, for a total transaction of $516,838.00. Following the transaction, the director directly owned 16,817 shares of the company's stock, valued at approximately $2,287,280.17. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.58% of the company's stock.

Sun Communities Stock Performance

SUI stock opened at $124.60 on Tuesday. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. The business's fifty day simple moving average is $130.92 and its two-hundred day simple moving average is $127.52. Sun Communities, Inc. has a twelve month low of $115.53 and a twelve month high of $137.85. The firm has a market cap of $15.35 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 4.33 and a beta of 0.82.

Sun Communities (NYSE:SUI - Get Free Report) last released its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share 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 business had revenue of $500.50 million during the quarter, compared to analysts' expectations of $472.40 million. During the same quarter in the previous year, the business earned $1.26 EPS. The business's revenue for the quarter 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. Analysts predict that Sun Communities, Inc. will post 6.93 earnings per share for the current year.

Sun Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $1.12 dividend. The ex-dividend date was Tuesday, March 31st. This is a positive change from Sun Communities's previous quarterly dividend of $1.04. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. Sun Communities's payout ratio is 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.

Want to see what other hedge funds are holding SUI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Communities, Inc. (NYSE:SUI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.