Nomura Holdings Inc. Has $800,000 Stock Position in Sun Communities, Inc. $SUI

Key Points

• Nomura Holdings Inc. has reduced its stake in Sun Communities, Inc. by 52.2%, now owning shares valued at $800,000 after selling a significant number of shares in the first quarter.
• Sun Communities reported a quarterly EPS of $1.76, exceeding analysts’ estimates, and has set a FY 2025 guidance of 6.510-6.670 EPS.
• The company declared a quarterly dividend of $1.04, yielding 3.3% annually, with a payout ratio of 40.70%.

Nomura Holdings Inc. decreased its position in Sun Communities, Inc. (NYSE:SUI - Free Report) by 52.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,219 shares of the real estate investment trust's stock after selling 6,786 shares during the period. Nomura Holdings Inc.'s holdings in Sun Communities were worth $800,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SUI. Opal Wealth Advisors LLC acquired a new position in shares of Sun Communities in the 1st quarter worth approximately $29,000. Twin Tree Management LP acquired a new position in shares of Sun Communities in the 1st quarter worth approximately $29,000. GKV Capital Management Co. Inc. acquired a new position in shares of Sun Communities in the 1st quarter worth approximately $42,000. Parallel Advisors LLC raised its holdings in shares of Sun Communities by 66.4% in the 1st quarter. Parallel Advisors LLC now owns 476 shares of the real estate investment trust's stock worth $61,000 after buying an additional 190 shares in the last quarter. Finally, Avalon Trust Co acquired a new position in shares of Sun Communities in the 1st quarter worth approximately $65,000. 99.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SUI has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on Sun Communities in a report on Tuesday, July 15th. They issued an "equal weight" rating and a $135.00 target price for the company. Truist Financial increased their target price on Sun Communities from $137.00 to $141.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Royal Bank Of Canada decreased their price target on Sun Communities from $147.00 to $143.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Colliers Securities started coverage on Sun Communities in a research report on Friday, June 13th. They set a "neutral" rating and a $130.00 price target on the stock. Finally, Robert W. Baird increased their price target on Sun Communities from $126.00 to $134.00 and gave the stock a "neutral" rating in a research report on Monday, August 11th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Sun Communities currently has a consensus rating of "Hold" and a consensus target price of $138.21.

Sun Communities Stock Up 0.3%

Shares of SUI opened at $125.40 on Thursday. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 6.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.08 and a current ratio of 7.08. The business's fifty day moving average price is $125.54 and its two-hundred day moving average price is $125.78. Sun Communities, Inc. has a 52 week low of $109.22 and a 52 week high of $147.83.

Sun Communities (NYSE:SUI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.09. The firm had revenue of $623.50 million for the quarter, compared to analyst estimates of $614.79 million. Sun Communities had a negative return on equity of 0.60% and a net margin of 48.86%.During the same period last year, the company earned $1.86 EPS. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. On average, analysts predict that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.3%. Sun Communities's payout ratio is 40.70%.

Sun Communities Profile

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.

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