Sun Communities, Inc. Declares Quarterly Dividend of $1.12 (NYSE:SUI)

Sun Communities, Inc. (NYSE:SUI) announced a quarterly dividend on Wednesday, June 3rd. Stockholders of record on Tuesday, June 30th will be given a dividend of 1.12 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, June 30th.

Sun Communities has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 8 years. Sun Communities has a payout ratio of 169.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Sun Communities to earn $7.13 per share next year, which means the company should continue to be able to cover its $4.48 annual dividend with an expected future payout ratio of 62.8%.

Sun Communities Price Performance

SUI stock opened at $120.60 on Thursday. 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 has a 1 year low of $115.53 and a 1 year high of $137.85. The firm has a market cap of $14.86 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 3.98 and a beta of 0.79. The stock has a 50-day simple moving average of $126.46 and a 200-day simple moving average of $127.43.

Sun Communities (NYSE:SUI) last posted 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 company had revenue of $500.50 million during the quarter, compared to analyst estimates of $472.40 million. During the same quarter last year, the business posted $1.26 EPS. Sun Communities’s quarterly revenue was up 8.0% compared to the same quarter last year. 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, equities analysts predict that Sun Communities will post 6.94 earnings per share for the current fiscal year.

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.