Sun Communities (NYSE:SUI) Price Target Lowered to $149.00 at Royal Bank Of Canada

Sun Communities (NYSE:SUI) had its price target reduced by Royal Bank Of Canada from $151.00 to $149.00 in a research note issued to investors on Friday, Marketbeat.com reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on SUI. Evercore reaffirmed an “outperform” rating and set a $144.00 price target on shares of Sun Communities in a report on Wednesday, April 29th. Weiss Ratings cut Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Sun Communities in a report on Thursday, May 14th. Citigroup boosted their target price on Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Truist Financial dropped their target price on Sun Communities from $147.00 to $141.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.13.

Sun Communities Stock Performance

Shares of SUI stock opened at $123.71 on Friday. The business has a 50 day moving average of $126.27 and a two-hundred day moving average of $127.38. The company has a market cap of $15.24 billion, a P/E ratio of 11.24, a PEG ratio of 4.03 and a beta of 0.79. 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 has a 52 week low of $115.53 and a 52 week high of $137.85.

Sun Communities (NYSE:SUI) last released its quarterly earnings results 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). The business had revenue of $500.50 million for the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $1.26 EPS. 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, analysts anticipate that Sun Communities will post 6.94 EPS for the current year.

Sun Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. Sun Communities’s dividend payout ratio is currently 40.69%.

Insider Activity

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the transaction, the executive vice president owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. This represents a 70.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.58% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Sun Communities by 1,226.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 184 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Sun Communities in the third quarter valued at $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Sun Communities in the third quarter valued at $27,000. Global X Japan Co. Ltd. bought a new position in shares of Sun Communities in the fourth quarter valued at $33,000. Finally, Assetmark Inc. grew its position in Sun Communities by 55.7% during the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.

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.