Sun Communities, Inc. (NYSE:SUI) Receives $140.05 Consensus PT from Analysts

Sun Communities, Inc. (NYSE:SUI) has been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $140.05.

Several equities research analysts recently issued reports on SUI shares. Colliers Securities upgraded Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Friday, May 22nd. Royal Bank Of Canada lowered their price objective on Sun Communities from $151.00 to $149.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Sun Communities in a research note on Thursday, May 14th. Barclays cut their price target on shares of Sun Communities from $147.00 to $146.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a research report on Friday, June 26th.

Insider Activity at Sun Communities

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

Institutional Investors Weigh In On Sun Communities

Several large investors have recently modified their holdings of SUI. Norges Bank purchased a new position in Sun Communities in the 4th quarter valued at $753,364,000. Wellington Management Group LLP lifted its stake in shares of Sun Communities by 1,224.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock worth $578,668,000 after acquiring an additional 4,147,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 worth $182,663,000 after purchasing an additional 1,470,286 shares in the last quarter. M&T Bank Corp raised its holdings in Sun Communities by 20,348.9% during the fourth quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock worth $61,749,000 after purchasing an additional 495,902 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position 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 valued at $95,063,000 after purchasing an additional 463,312 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Stock Down 1.0%

NYSE SUI opened at $119.04 on Friday. The business’s fifty day simple moving average is $122.13 and its 200-day simple moving average is $126.48. 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 firm has a market cap of $14.67 billion, a PE ratio of 10.81, a P/E/G ratio of 3.97 and a beta of 0.79. Sun Communities has a 52 week low of $115.53 and a 52 week high of $137.85.

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 for the quarter, missing the consensus estimate of $1.31 by ($1.38). The business had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 6.9 earnings per share for the current year.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Sun Communities’s dividend payout ratio is presently 40.69%.

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.