Sun Communities, Inc. (NYSE:SUI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

Shares of Sun Communities, Inc. (NYSE:SUI – Get Free Report) have received a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $140.05.

A number of equities research analysts have recently issued reports on the company. Odeon Capital Group set a $135.00 price target on Sun Communities in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of 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 shares of Sun Communities in a research note on Thursday, May 14th. Wells Fargo & Company decreased their price target on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, Barclays dropped their price target on shares of Sun Communities from $147.00 to $146.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th.

Get Our Latest Report on Sun Communities

Sun Communities Trading Up 0.4%

SUI stock opened at $120.14 on Friday. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average is $122.01 and its 200 day moving average is $126.44. The stock has a market cap of $14.80 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 3.96 and a beta of 0.79. Sun Communities has a 12-month low of $115.53 and a 12-month high of $137.85.

Sun Communities (NYSE:SUI – Get Free Report) last issued 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 firm 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 firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, sell-side analysts anticipate that Sun Communities will post 6.9 EPS for the current fiscal year.

Sun Communities Dividend Announcement

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Sun Communities in the fourth quarter valued at approximately $753,364,000. State Street Corp grew 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 worth $699,862,000 after acquiring an additional 214,634 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Sun Communities by 12.4% in 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 acquiring an additional 554,075 shares during the period. Geode Capital Management LLC increased its holdings in shares of Sun Communities by 0.4% in 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 acquiring an additional 9,539 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Sun Communities by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,812,301 shares of the real estate investment trust’s stock valued at $228,280,000 after purchasing an additional 51,588 shares during the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

About Sun Communities

(Get Free Report)

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.

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