Sun Communities (NYSE:SUI) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Sun Communities (NYSE:SUI) to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Several other brokerages also recently issued reports on SUI. Evercore reissued an “outperform” rating and set a $144.00 price objective on shares of Sun Communities in a research note on Wednesday, April 29th. Colliers Securities raised shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Friday, May 22nd. Odeon Capital Group set a $135.00 price target on Sun Communities in a report on Thursday, July 9th. Wells Fargo & Company reduced their price target on Sun Communities from $150.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Finally, Truist Financial decreased their price objective on Sun Communities from $141.00 to $138.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.05.

Sun Communities Trading Up 1.5%

Sun Communities stock opened at $121.83 on Wednesday. The stock has a 50-day moving average price of $122.04 and a 200 day moving average price of $126.41. Sun Communities has a 52 week low of $115.53 and a 52 week high of $137.85. The stock has a market cap of $15.01 billion, a PE ratio of 11.07, a P/E/G ratio of 3.97 and a beta of 0.79. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60.

Sun Communities (NYSE:SUI) last released its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) 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 firm had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $472.40 million. During the same quarter last year, the company posted $1.26 earnings per share. Sun Communities’s revenue for the quarter 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. Equities research analysts predict that Sun Communities will post 6.9 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

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

Insider Activity at Sun Communities

In other news, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary A. Shiffman sold 25,031 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total value of $3,002,718.76. Following the completion of the transaction, the director owned 857,761 shares in the company, valued at approximately $102,897,009.56. This trade represents a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.58% of the company’s stock.

Institutional Trading of Sun Communities

A number of institutional investors and hedge funds have recently made changes to their positions in SUI. Whittier Trust Co. increased its holdings in shares of Sun Communities by 8.8% during the fourth quarter. Whittier Trust Co. now owns 264,511 shares of the real estate investment trust’s stock valued at $32,495,000 after purchasing an additional 21,364 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Sun Communities by 9.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 110,415 shares of the real estate investment trust’s stock valued at $13,564,000 after buying an additional 9,268 shares in the last quarter. Legal & General Group Plc increased its stake in Sun Communities by 6.4% during the 4th quarter. Legal & General Group Plc now owns 1,080,585 shares of the real estate investment trust’s stock valued at $133,895,000 after buying an additional 65,053 shares during the period. Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of Sun Communities during the 4th quarter worth about $1,549,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sun Communities by 503.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 78,736 shares of the real estate investment trust’s stock worth $9,673,000 after acquiring an additional 65,694 shares during the period. 99.59% of the stock is currently owned by institutional investors and hedge funds.

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.