Sun Communities, Inc. (NYSE:SUI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Sun Communities, Inc. (NYSE:SUI) has been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $141.8393.

A number of research analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Mizuho assumed coverage on shares of Sun Communities in a research note on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 price objective on the stock. Zelman & Associates assumed coverage on shares of Sun Communities in a research note on Monday, March 16th. They issued an “outperform” rating and a $127.75 price objective on the stock. Truist Financial dropped their price objective on shares of Sun Communities from $147.00 to $141.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, Barclays dropped their price objective on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd.

Insider Transactions at Sun Communities

In related news, Director Clunet R. Lewis sold 3,800 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $136.01, for a total transaction of $516,838.00. Following the transaction, the director directly owned 16,817 shares of the company’s stock, valued at $2,287,280.17. This trade represents a 18.43% 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, 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 transaction of $2,955,212.50. Following the transaction, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold 30,750 shares of company stock worth $3,907,731 over the last three months. 1.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Sun Communities by 1.4% during the third quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock valued at $2,359,404,000 after purchasing an additional 249,501 shares in the last quarter. Dodge & Cox lifted its position in shares of Sun Communities by 2.0% during the third quarter. Dodge & Cox now owns 14,480,815 shares of the real estate investment trust’s stock valued at $1,868,025,000 after purchasing an additional 282,055 shares in the last quarter. Norges Bank bought a new position in shares of Sun Communities during the fourth quarter valued at about $753,364,000. State Street Corp lifted its position in shares of Sun Communities by 4.2% during the third quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock valued at $699,862,000 after purchasing an additional 214,634 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Sun Communities by 12.4% during the fourth quarter. Wellington Management Group LLP now owns 5,039,870 shares of the real estate investment trust’s stock valued at $624,490,000 after purchasing an additional 554,075 shares in the last quarter. 99.59% of the stock is owned by institutional investors.

Sun Communities Stock Up 0.0%

Shares of NYSE SUI opened at $124.89 on Thursday. Sun Communities has a 12-month low of $115.53 and a 12-month high of $137.85. The firm has a market cap of $15.39 billion, a PE ratio of 11.34, a P/E/G ratio of 4.11 and a beta of 0.82. The company’s fifty day simple moving average is $127.40 and its 200 day simple moving average is $127.59. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last released 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 during the quarter, compared to the consensus estimate of $472.40 million. During the same period last year, the business posted $1.26 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. 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 forecast that Sun Communities will post 6.92 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from Sun Communities’s previous quarterly dividend of $1.04. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.6%. Sun Communities’s payout ratio is 40.69%.

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.