Zelman & Associates Begins Coverage on Sun Communities (NYSE:SUI)

Investment analysts at Zelman & Associates assumed coverage on shares of Sun Communities (NYSE:SUI) in a report released on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $127.75 price target on the real estate investment trust’s stock. Zelman & Associates’ target price indicates a potential downside of 5.57% from the company’s previous close.

Several other research firms have also recently weighed in on SUI. Citigroup boosted their price objective on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Tuesday, January 20th. UBS Group lifted their target price on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $133.00 to $150.00 in a research report on Friday, February 27th. Finally, Robert W. Baird upped their price target on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sun Communities presently has an average rating of “Moderate Buy” and a consensus target price of $139.98.

Sun Communities Stock Up 0.2%

Shares of NYSE:SUI opened at $135.28 on Monday. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. The firm has a market cap of $16.66 billion, a P/E ratio of 12.60, a P/E/G ratio of 4.61 and a beta of 0.87. Sun Communities has a 12 month low of $109.22 and a 12 month high of $137.85. The company’s 50-day moving average price is $129.88 and its two-hundred day moving average price is $127.29.

Sun Communities (NYSE:SUI) last announced its 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. 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 during the quarter, compared to the consensus estimate of $509.40 million. During the same period in the previous year, the firm posted $1.41 earnings per share. The company’s revenue was up .1% on a year-over-year basis. 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 will post 6.77 EPS for the current fiscal year.

Insider Activity at Sun Communities

In related news, Director Clunet R. Lewis sold 3,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sun Communities

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Sun Communities during the 2nd quarter worth approximately $925,926,000. Wellington Management Group LLP lifted its position in shares of Sun Communities by 1,224.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock valued at $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 boosted its stake 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 acquiring an additional 1,470,286 shares in the last quarter. Dodge & Cox grew its holdings in Sun Communities by 4.0% in the second quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock worth $1,796,001,000 after purchasing an additional 550,940 shares during the period. Finally, M&T Bank Corp grew its holdings in Sun Communities by 20,348.9% in 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 during the period. 99.59% of the stock is currently owned by institutional investors.

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.