Sun Communities (NYSE:SUI) Announces Earnings Results

Sun Communities (NYSE:SUI) issued its quarterly earnings data on Monday. The real estate investment trust reported ($8.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($8.74), FiscalAI reports. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business had revenue of $478.40 million for the quarter, compared to analyst estimates of $623.40 million. Sun Communities updated its FY 2026 guidance to 6.940-7.100 EPS and its Q3 2026 guidance to 2.230-2.330 EPS.

Sun Communities Stock Performance

Shares of SUI traded down $0.53 during mid-day trading on Monday, hitting $121.30. The stock had a trading volume of 3,186,625 shares, compared to its average volume of 995,604. Sun Communities has a fifty-two week low of $115.53 and a fifty-two week 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 company has a market cap of $14.95 billion, a PE ratio of 11.02, a PEG ratio of 4.03 and a beta of 0.79. The company’s fifty day simple moving average is $122.04 and its two-hundred day simple moving average is $126.45.

Sun Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $1.12 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. Sun Communities’s dividend payout ratio (DPR) is presently 40.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays reduced their target price on Sun Communities from $147.00 to $146.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Evercore restated an “outperform” rating and issued a $144.00 price target on shares of Sun Communities in a research note on Wednesday, April 29th. Odeon Capital Group set a $135.00 price target on shares of Sun Communities in a report on Thursday, July 9th. 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. Finally, Royal Bank Of Canada decreased their price objective on shares of Sun Communities from $151.00 to $149.00 and set an “outperform” rating for the company in a report on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sun Communities has an average rating of “Moderate Buy” and an average price target of $140.05.

Insider Buying and Selling at Sun Communities

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president owned 9,998 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, Director Gary A. Shiffman sold 25,031 shares of the 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 directly owned 857,761 shares in the company, valued at $102,897,009.56. This trade represents a 2.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.58% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

Several institutional investors and hedge funds have recently bought and sold shares of SUI. Invesco Ltd. boosted its stake in Sun Communities by 9.1% in the fourth quarter. Invesco Ltd. now owns 264,235 shares of the real estate investment trust’s stock valued at $32,741,000 after acquiring an additional 22,123 shares during the period. Corient Private Wealth LLC raised its position in shares of Sun Communities by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 93,608 shares of the real estate investment trust’s stock worth $11,582,000 after purchasing an additional 3,568 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Sun Communities by 208.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 33,858 shares of the real estate investment trust’s stock worth $4,195,000 after purchasing an additional 22,870 shares during the period. Braeburn Wealth Management LLC bought a new stake in shares of Sun Communities in the 4th quarter worth approximately $412,000. Finally, Delta Global Management LP bought a new stake in shares of Sun Communities in the 4th quarter worth approximately $2,403,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

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.