Analysts Set Sun Communities, Inc. (NYSE:SUI) Target Price at $141.84

Sun Communities, Inc. (NYSE:SUI) has received an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $141.2679.

Several equities research analysts have recently weighed in on the stock. Zelman & Associates assumed coverage on shares of Sun Communities in a research report on Monday, March 16th. They issued an “outperform” rating and a $127.75 price target for the company. Evercore reaffirmed an “outperform” rating and issued a $144.00 price target on shares of Sun Communities in a research report on Wednesday, April 29th. Robert W. Baird upped their price target on shares of Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Truist Financial lowered their price target on shares of Sun Communities from $147.00 to $141.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, Colliers Securities raised shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Friday, May 22nd.

Insider Activity at Sun Communities

In other news, Director Clunet R. Lewis sold 3,200 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.15, for a total value of $435,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the sale, the executive vice president directly owned 9,998 shares of the company’s stock, valued at $1,244,051.14. The trade was a 70.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,750 shares of company stock valued at $3,907,731 in the last ninety days. Corporate insiders own 1.58% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 valued at $25,000 after acquiring an additional 184 shares during the last quarter. Fulcrum Asset Management LLP purchased a new stake in Sun Communities during the third quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Sun Communities during the third quarter valued at approximately $27,000. Global X Japan Co. Ltd. purchased a new stake in Sun Communities during the fourth quarter valued at approximately $33,000. Finally, Assetmark Inc. lifted its position in Sun Communities by 55.7% during the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Price Performance

Shares of SUI stock opened at $120.54 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39. The company has a market capitalization of $14.85 billion, a P/E ratio of 10.95, a P/E/G ratio of 4.07 and a beta of 0.82. The company’s 50-day simple moving average is $126.81 and its two-hundred day simple moving average is $127.51. Sun Communities has a one year low of $115.53 and a one year high of $137.85.

Sun Communities (NYSE:SUI) last issued its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). The company had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.Sun Communities’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. 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 anticipate that Sun Communities will post 6.92 EPS for the current year.

Sun Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a boost from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s dividend payout ratio is currently 40.69%.

Sun Communities Company Profile

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.