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

Sun Communities, Inc. (NYSE:SUI) has been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $141.1250.

Several research analysts have commented on the stock. Citigroup lifted their price target on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Truist Financial decreased their price target 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. Weiss Ratings downgraded shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Zelman & Associates initiated coverage on shares of Sun Communities in a research note on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price on the stock. Finally, Barclays decreased their target price 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.

Sun Communities Trading Up 0.0%

SUI stock opened at $118.51 on Monday. The company has a market capitalization of $14.60 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 3.89 and a beta of 0.80. Sun Communities has a one year low of $115.53 and a one year high of $137.85. The company’s 50 day moving average price is $125.44 and its two-hundred day moving average price is $127.09. 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 posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the consensus estimate of $1.31 by ($1.38). The business had revenue of $500.50 million for 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% compared to the same quarter last year. During the same period last year, the business 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, analysts predict that Sun Communities will post 6.94 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Sun Communities’s payout ratio is presently 40.69%.

Insider Activity at Sun Communities

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dodge & Cox increased its position in Sun Communities by 2.0% during the 3rd 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 during the period. Norges Bank purchased a new position in Sun Communities during the 4th quarter valued at $753,364,000. State Street Corp increased its position in Sun Communities by 4.2% during the 3rd 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 during the period. Wellington Management Group LLP increased its position in Sun Communities by 12.4% during the 4th 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 during the period. Finally, Geode Capital Management LLC increased its position in Sun Communities by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,338,358 shares of the real estate investment trust’s stock valued at $288,937,000 after purchasing an additional 9,539 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors.

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.