Sun Communities (NYSE:SUI) Rating Increased to Strong-Buy at Jefferies Financial Group

Sun Communities (NYSE:SUI) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Evercore reaffirmed an “outperform” rating and set a $144.00 price objective on shares of Sun Communities in a research report on Wednesday, April 29th. Citigroup raised their target price on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Robert W. Baird boosted their target price on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Wells Fargo & Company cut their price target on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.91.

Sun Communities Price Performance

Shares of NYSE SUI opened at $121.28 on Friday. The business has a fifty day moving average price of $124.47 and a two-hundred day moving average price of $126.81. The stock has a market capitalization of $14.95 billion, a PE ratio of 11.02, a P/E/G ratio of 3.90 and a beta of 0.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39. Sun Communities has a fifty-two week low of $115.53 and a fifty-two week high of $137.85.

Sun Communities (NYSE:SUI) last released its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($1.38). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company had revenue of $500.50 million for the quarter, compared to analyst estimates of $472.40 million. During the same period last year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. 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. As a group, equities analysts predict that Sun Communities will post 6.94 earnings per share for the current fiscal year.

Insider Activity

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the completion of the transaction, the executive vice president owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary A. Shiffman sold 25,031 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the transaction, the director directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This trade represents a 2.84% decrease in their position. The SEC filing for this sale provides additional information. 1.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sun Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 worth $25,000 after buying an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Sun Communities during the third quarter worth $27,000. Fulcrum Asset Management LLP bought a new position in shares of Sun Communities in the 3rd quarter valued at $27,000. Global X Japan Co. Ltd. bought a new position in shares of Sun Communities in the 4th quarter valued at $33,000. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Sun Communities during the 3rd quarter valued at $46,000. Institutional investors own 99.59% of the company’s stock.

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.