Sun Communities (NYSE:SUI) Hits New 12-Month High Following Analyst Upgrade

Shares of Sun Communities, Inc. (NYSE:SUI) reached a new 52-week high during mid-day trading on Friday after Wells Fargo & Company upgraded the stock from an equal weight rating to an overweight rating. Wells Fargo & Company now has a $150.00 price target on the stock, up from their previous price target of $133.00. Sun Communities traded as high as $137.84 and last traded at $136.4150, with a volume of 454488 shares changing hands. The stock had previously closed at $135.78.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, January 20th. Morgan Stanley dropped their price objective on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, January 21st. Robert W. Baird upped their target price on shares of Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. Finally, UBS Group raised their price target on shares of Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $138.77.

Insider Activity at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of Sun Communities stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.77% of the company’s stock.

Institutional Trading of Sun Communities

A number of hedge funds have recently bought and sold shares of the company. Invesco Ltd. grew its position in Sun Communities by 9.1% during the fourth quarter. Invesco Ltd. now owns 264,235 shares of the real estate investment trust’s stock valued at $32,741,000 after purchasing an additional 22,123 shares in the last quarter. Rare Wolf Capital LLC purchased a new position in shares of Sun Communities during the 4th quarter valued at $1,204,000. Corient Private Wealth LLC increased its stake in shares of Sun Communities by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 93,608 shares of the real estate investment trust’s stock worth $11,582,000 after acquiring an additional 3,568 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Sun Communities by 208.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 33,858 shares of the real estate investment trust’s stock worth $4,195,000 after acquiring an additional 22,870 shares in the last quarter. Finally, Braeburn Wealth Management LLC purchased a new stake in shares of Sun Communities during the fourth quarter worth $412,000. 99.59% of the stock is owned by hedge funds and other institutional investors.

Sun Communities Trading Up 0.7%

The business has a 50-day moving average of $126.94 and a 200-day moving average of $126.50. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.58. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 4.54 and a beta of 0.90.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $515.20 million during the quarter, compared to the consensus estimate of $509.40 million. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. Sun Communities’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. As a group, research analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current year.

Sun Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, December 31st were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, December 31st. Sun Communities’s dividend payout ratio (DPR) is currently 38.73%.

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.