Sun Communities (NYSE:SUI) Stock Rating Upgraded by Colliers Securities

Sun Communities (NYSE:SUI) was upgraded by equities researchers at Colliers Securities from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat.com reports. The firm currently has a $150.00 price target on the real estate investment trust’s stock. Colliers Securities’ target price points to a potential upside of 19.11% from the company’s current price.

A number of other research firms have also recently issued reports on SUI. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Sun Communities in a report on Thursday, May 14th. Evercore reiterated an “outperform” rating and issued a $144.00 target price on shares of Sun Communities in a research note on Wednesday, April 29th. Mizuho began coverage on Sun Communities in a research report on Tuesday, March 31st. They set an “outperform” rating and a $143.00 target price for the company. Truist Financial lowered their target price on shares of Sun Communities from $147.00 to $141.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, Zelman & Associates assumed coverage on shares of Sun Communities in a report on Monday, March 16th. They issued an “outperform” rating and a $127.75 price target on the stock. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.84.

Sun Communities Trading Down 0.3%

SUI traded down $0.36 on Friday, hitting $125.94. The company had a trading volume of 46,874 shares, compared to its average volume of 801,122. The company has a market cap of $15.52 billion, a PE ratio of 11.45, a PEG ratio of 3.34 and a beta of 0.82. Sun Communities has a 12-month low of $115.53 and a 12-month high of $137.85. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $128.11 and its 200 day simple moving average is $127.54.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The company had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $472.40 million. During the same quarter last year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. 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. Equities research analysts expect that Sun Communities will post 6.94 EPS for the current year.

Insider Activity

In related news, Director Clunet R. Lewis sold 3,800 shares of Sun Communities stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.01, for a total transaction of $516,838.00. Following the transaction, the director directly owned 16,817 shares of the company’s stock, valued at $2,287,280.17. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.58% of the company’s stock.

Institutional Trading of Sun Communities

Several hedge funds and other institutional investors have recently bought and sold shares of SUI. Norges Bank purchased a new position in shares of Sun Communities in the 4th quarter valued at $753,364,000. Wellington Management Group LLP boosted its position in Sun Communities by 1,224.1% during the third quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock valued at $578,668,000 after purchasing an additional 4,147,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Sun Communities by 37,933.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock valued at $182,663,000 after purchasing an additional 1,470,286 shares in the last quarter. M&T Bank Corp grew its stake in Sun Communities by 20,348.9% in the fourth quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock valued at $61,749,000 after purchasing an additional 495,902 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Sun Communities by 152.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 767,190 shares of the real estate investment trust’s stock worth $95,063,000 after purchasing an additional 463,312 shares in the last quarter. 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.