Brokerages Set Sun Communities, Inc. (NYSE:SUI) PT at $137.46

Sun Communities, Inc. (NYSE:SUI) has been given an average rating of “Hold” by the fourteen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $137.4615.

Several equities analysts have commented on SUI shares. Barclays reiterated an “overweight” rating and issued a $144.00 target price on shares of Sun Communities in a research report on Tuesday, January 13th. Jefferies Financial Group set a $142.00 price objective on shares of Sun Communities and gave the company a “buy” rating in a report on Monday, November 3rd. Wells Fargo & Company lifted their target price on shares of Sun Communities from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. UBS Group upped their price target on shares of Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen raised shares of Sun Communities from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th.

Insider Activity

In related news, Director Clunet R. Lewis sold 4,000 shares of Sun Communities stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $126.24, for a total value of $504,960.00. Following the transaction, the director directly owned 26,000 shares of the company’s stock, valued at $3,282,240. The trade was a 13.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary A. Shiffman sold 156,875 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. Additional details regarding this sale are available in the official SEC disclosure. 1.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SUI. AQR Capital Management LLC increased its position in shares of Sun Communities by 17.8% during the first quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock worth $1,554,000 after buying an additional 1,827 shares during the period. Goldman Sachs Group Inc. grew its holdings in Sun Communities by 21.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust’s stock worth $25,128,000 after acquiring an additional 33,981 shares during the period. Empowered Funds LLC grew its holdings in Sun Communities by 32.5% during the 1st quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock worth $434,000 after acquiring an additional 829 shares during the period. Acadian Asset Management LLC bought a new position in shares of Sun Communities in the 1st quarter worth about $362,000. Finally, GAMMA Investing LLC lifted its stake in shares of Sun Communities by 8.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,131 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 99.59% of the company’s stock.

Sun Communities Stock Performance

Shares of Sun Communities stock opened at $126.45 on Friday. The company’s 50 day moving average price is $125.38 and its two-hundred day moving average price is $125.65. The firm has a market capitalization of $15.64 billion, a P/E ratio of 15.85, a P/E/G ratio of 4.17 and a beta of 0.90. Sun Communities has a fifty-two week low of $109.22 and a fifty-two week high of $137.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick ratio of 6.01.

Sun Communities (NYSE:SUI) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.10. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The company had revenue of $697.20 million during the quarter, compared to the consensus estimate of $713.32 million. During the same period in the prior year, the business earned $2.34 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS. On average, equities analysts forecast that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, December 31st will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Sun Communities’s dividend payout ratio (DPR) is currently 52.13%.

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.