Sun Communities (NYSE:SUI) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Sun Communities (NYSE:SUI) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

A number of other research firms also recently weighed in on SUI. Wells Fargo & Company decreased their price target on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. 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 report on Tuesday, July 14th. Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Friday, May 22nd. Evercore reissued an “outperform” rating and set a $144.00 price objective on shares of Sun Communities in a report on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Sun Communities has an average rating of “Moderate Buy” and a consensus target price of $140.05.

Sun Communities Trading Up 0.6%

NYSE:SUI opened at $119.73 on Wednesday. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 3.93 and a beta of 0.79. Sun Communities has a one year low of $115.53 and a one year 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 business’s 50-day simple moving average is $122.04 and its 200 day simple moving average is $126.45.

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 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 business had revenue of $500.50 million for the quarter, compared to analyst estimates of $472.40 million. During the same quarter last year, the business earned $1.26 EPS. Sun Communities’s revenue for the quarter was up 8.0% compared to the same quarter last year. 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, sell-side analysts predict that Sun Communities will post 6.9 earnings per share for the current fiscal year.

Sun Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Sun Communities’s dividend payout ratio is 40.69%.

Insider Transactions at Sun Communities

In other news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction dated 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. This trade represents a 70.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary A. Shiffman sold 25,031 shares of Sun Communities stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the transaction, the director directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This trade represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.58% of the company’s stock.

Hedge Funds Weigh In On Sun Communities

A number of hedge funds and other institutional investors have recently bought and sold shares of SUI. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Sun Communities by 1,226.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 184 shares during the period. Fulcrum Asset Management LLP acquired a new position in Sun Communities during the 3rd quarter valued at approximately $27,000. Global X Japan Co. Ltd. bought a new position in Sun Communities during the 4th quarter worth $33,000. Wiser Advisor Group LLC bought a new position in Sun Communities during the 3rd quarter worth $46,000. Finally, Oslo Pensjonsforsikring AS acquired a new stake in Sun Communities in the first quarter worth $49,000. 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.