Sun Communities (NYSE:SUI) Stock Gets Price Target Cut from Royal Bank Of Canada

Sun Communities (NYSE:SUI) had its target price lowered by Royal Bank Of Canada from $148.00 to $140.00 in a report published on Tuesday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on SUI. Jefferies Financial Group upgraded shares of Sun Communities to a “strong-buy” rating in a research report on Wednesday, July 22nd. Truist Financial dropped their price target on shares of Sun Communities from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, September 11th. Morgan Stanley cut their price target on shares of Sun Communities from $135.00 to $126.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 12th. Odeon Capital Group set a $135.00 price target on shares of Sun Communities in a report on Thursday, July 9th. Finally, Barclays increased their price objective on shares of Sun Communities from $146.00 to $147.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.36.

Sun Communities Trading Up 1.4%

Shares of SUI stock opened at $115.81 on Tuesday. Sun Communities has a 1 year low of $109.77 and a 1 year high of $137.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.52 and a quick ratio of 2.52. The stock’s 50 day simple moving average is $117.04 and its two-hundred day simple moving average is $121.58. The company has a market cap of $14.11 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 4.90 and a beta of 0.76.

Sun Communities (NYSE:SUI) last announced its earnings results on Monday, July 27th. The real estate investment trust reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.08. Sun Communities had a positive return on equity of 2.63% and a negative net margin of 39.03%. The firm had revenue of $484.60 million during the quarter, compared to analysts’ expectations of $623.40 million. During the same quarter in the previous year, the business earned $1.76 EPS. Sun Communities has set its FY 2026 guidance at 6.940-7.100 EPS and its Q3 2026 guidance at 2.230-2.330 EPS. Research analysts predict that Sun Communities will post 7.00 earnings per share for the current year.

Sun Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $1.12 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $4.48 dividend on an annualized basis and a yield of 3.9%. Sun Communities’s dividend payout ratio (DPR) is presently -63.19%.

Institutional Trading of Sun Communities

Several institutional investors and hedge funds have recently made changes to their positions in the business. CX Institutional boosted its stake in shares of Sun Communities by 1,076.7% during the third quarter. CX Institutional now owns 353 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 323 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in Sun Communities in the 1st quarter worth about $49,000. Avalon Trust Co purchased a new position in Sun Communities in the 2nd quarter worth about $61,000. V Square Quantitative Management LLC increased its stake in Sun Communities by 36.7% in the 1st quarter. V Square Quantitative Management LLC now owns 548 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 147 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Sun Communities during the 2nd quarter valued at about $72,000. 99.59% of the stock is currently owned by institutional investors.

Sun Communities Company Profile

Sun Communities, Inc is a real estate investment trust that owns, operates and develops residential communities and recreational properties. Its portfolio primarily includes manufactured housing communities, recreational vehicle resorts and marinas.

The company provides housing and leisure-oriented accommodations through communities offering manufactured homes, seasonal and long-term RV sites, and related amenities. Its marina operations include wet slips, dry storage and other services for boat owners.

Founded in 1975, Sun Communities serves residents, vacationers and boaters across the United States, with additional operations in the United Kingdom.