Sun Communities (NYSE:SUI) Stock Rating Upgraded by Odean Cap Resea

Sun Communities (NYSE:SUI) was upgraded by equities researchers at Odean Cap Resea to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Sun Communities in a research report on Thursday, May 14th. Wells Fargo & Company cut their target price on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Mizuho decreased their price target on shares of Sun Communities from $143.00 to $137.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Finally, Odeon Capital Group set a $135.00 price objective on shares of Sun Communities in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.12.

Sun Communities Stock Up 0.3%

Shares of SUI traded up $0.36 during trading hours on Thursday, hitting $119.10. 657,013 shares of the company were exchanged, compared to its average volume of 1,077,345. The firm’s 50 day moving average is $122.92 and its 200-day moving average is $126.66. Sun Communities has a 52 week low of $115.53 and a 52 week high of $137.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. The company has a market cap of $14.68 billion, a PE ratio of 10.82, a PEG ratio of 3.92 and a beta of 0.79.

Sun Communities (NYSE:SUI) last announced its earnings results 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). The company had revenue of $500.50 million for 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%.The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 EPS. 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. On average, equities research analysts forecast that Sun Communities will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the transaction, the executive vice president directly owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary A. Shiffman sold 25,031 shares of Sun Communities stock in a transaction on 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 sale, the director owned 857,761 shares in the company, valued at $102,897,009.56. This represents a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.58% of the company’s stock.

Institutional Trading of Sun Communities

Several institutional investors have recently made changes to their positions in SUI. Handelsbanken Fonder AB raised its position in Sun Communities by 2.2% in the second quarter. Handelsbanken Fonder AB now owns 45,498 shares of the real estate investment trust’s stock worth $5,456,000 after purchasing an additional 1,000 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Sun Communities by 182.9% during the first quarter. Parallel Advisors LLC now owns 2,031 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,313 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Sun Communities by 9.4% in the 1st quarter. Bank of America Corp DE now owns 568,513 shares of the real estate investment trust’s stock valued at $71,610,000 after purchasing an additional 48,649 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Sun Communities by 12.2% in the 1st quarter. Arkadios Wealth Advisors now owns 8,619 shares of the real estate investment trust’s stock valued at $1,086,000 after purchasing an additional 936 shares during the period. Finally, Amundi raised its holdings in shares of Sun Communities by 19.7% in the 1st quarter. Amundi now owns 312,099 shares of the real estate investment trust’s stock worth $39,312,000 after buying an additional 51,265 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

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.