Truist Financial Boosts Sun Communities (NYSE:SUI) Price Target to $142.00

Sun Communities (NYSE:SUI) had its price target hoisted by stock analysts at Truist Financial from $141.00 to $142.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential upside of 12.98% from the stock’s current price.

SUI has been the subject of several other reports. Wells Fargo & Company upped their target price on Sun Communities from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Jefferies Financial Group set a $142.00 price target on Sun Communities and gave the company a “buy” rating in a research note on Monday, November 3rd. Evercore ISI increased their price target on Sun Communities from $136.00 to $138.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Royal Bank Of Canada boosted their price objective on shares of Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $137.67.

Sun Communities Stock Down 0.9%

SUI opened at $125.68 on Tuesday. The company has a market cap of $15.54 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 4.05 and a beta of 0.86. Sun Communities has a twelve month low of $109.22 and a twelve month high of $137.77. The company has a 50-day moving average price of $126.25 and a 200 day moving average price of $125.52. The company has a quick ratio of 7.08, a current ratio of 7.08 and a debt-to-equity ratio of 0.55.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping the consensus estimate of $2.18 by $0.10. The company had revenue of $697.20 million during the quarter, compared to analyst estimates of $713.32 million. Sun Communities had a negative return on equity of 4.51% and a net margin of 42.58%.Sun Communities’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 EPS. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS. FY 2025 guidance at 6.590-6.670 EPS. Sell-side analysts expect that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Sun Communities

In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $126.24, for a total transaction of $504,960.00. Following the sale, the director directly owned 26,000 shares in the company, valued at $3,282,240. This represents a 13.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd acquired a new stake in Sun Communities in the 3rd quarter valued at about $27,000. Twin Tree Management LP acquired a new stake in Sun Communities in the first quarter valued at approximately $29,000. Elevation Point Wealth Partners LLC purchased a new position in Sun Communities in the second quarter worth approximately $30,000. Ransom Advisory Ltd acquired a new position in Sun Communities during the 1st quarter worth approximately $31,000. Finally, MAI Capital Management grew its holdings in Sun Communities by 164.4% during the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 166 shares in the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Sun Communities Company 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.