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

Sun Communities, Inc. (NYSE:SUI) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $140.05.

SUI has been the topic of several recent analyst reports. Evercore reaffirmed an “outperform” rating and issued a $144.00 price target on shares of Sun Communities in a research note on Wednesday, April 29th. Barclays cut their price objective on Sun Communities from $147.00 to $146.00 and set an “overweight” rating for the company in a research report on Tuesday. Jefferies Financial Group upgraded shares of Sun Communities to a “strong-buy” rating in a report on Friday, June 26th. Royal Bank Of Canada decreased their target price on shares of Sun Communities from $151.00 to $149.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Finally, Odeon Capital Group set a $135.00 target price on shares of Sun Communities in a research note on Thursday, July 9th.

Sun Communities Trading Up 3.1%

SUI opened at $122.01 on Friday. Sun Communities has a one year low of $115.53 and a one year high of $137.85. The stock has a market capitalization of $15.04 billion, a PE ratio of 11.08, a P/E/G ratio of 3.91 and a beta of 0.79. The business’s 50 day moving average price is $122.44 and its 200 day moving average price is $126.58. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($1.38). The business had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 earnings per share. 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, equities research analysts expect that Sun Communities will post 6.9 EPS for the current year.

Sun Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, June 30th. Sun Communities’s dividend payout ratio is currently 40.69%.

Insider Activity at Sun Communities

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary A. Shiffman sold 25,031 shares of Sun Communities stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the sale, the director owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This trade represents a 2.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.58% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake 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 acquired a new position in Sun Communities during the 3rd quarter worth about $27,000. Global X Japan Co. Ltd. acquired a new position in Sun Communities during the 4th quarter worth about $33,000. Wiser Advisor Group LLC purchased a new position in Sun Communities during the 3rd quarter valued at about $46,000. Finally, Prosperity Bancshares Inc purchased a new position in Sun Communities during the 4th quarter valued at about $48,000. 99.59% of the stock is currently owned by hedge funds and other 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.