Sun Communities (NYSE:SUI) Price Target Raised to $155.00

Sun Communities (NYSE:SUI) had its price objective lifted by Citigroup from $150.00 to $155.00 in a report published on Monday,Benzinga reports. Citigroup currently has a buy rating on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on SUI. Wells Fargo & Company raised Sun Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $133.00 to $150.00 in a research note on Friday, February 27th. Barclays reiterated an “overweight” rating and issued a $144.00 price objective on shares of Sun Communities in a report on Tuesday, January 13th. Jefferies Financial Group set a $142.00 target price on shares of Sun Communities and gave the stock a “buy” rating in a report on Monday, November 3rd. Wall Street Zen raised Sun Communities from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Robert W. Baird upped their target price on Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a report on Wednesday, November 19th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $140.29.

Sun Communities Stock Down 0.4%

Shares of NYSE SUI opened at $135.88 on Monday. Sun Communities has a 52-week low of $109.22 and a 52-week high of $137.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.43 and a current ratio of 4.43. The stock has a market cap of $16.74 billion, a P/E ratio of 12.65, a P/E/G ratio of 4.54 and a beta of 0.88. The firm has a 50 day moving average price of $127.70 and a 200 day moving average price of $126.68.

Sun Communities (NYSE:SUI) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The company had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. During the same period last year, the business posted $1.41 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. 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. Analysts expect that Sun Communities will post 6.77 EPS for the current year.

Sun Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were paid a dividend of $1.04 per share. The ex-dividend date was Wednesday, December 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.1%. Sun Communities’s dividend payout ratio (DPR) is 38.73%.

Insiders Place Their Bets

In related news, Director Gary A. Shiffman sold 156,875 shares of Sun Communities stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

Institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. grew its stake in Sun Communities by 1,226.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Sun Communities during the 3rd quarter worth $27,000. Fulcrum Asset Management LLP bought a new stake in shares of Sun Communities during the 3rd quarter worth $27,000. Elevation Point Wealth Partners LLC acquired a new stake in Sun Communities in the second quarter valued at about $30,000. Finally, Global X Japan Co. Ltd. bought a new position in Sun Communities in the fourth quarter valued at about $33,000. 99.59% of the stock is currently owned by institutional investors.

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.