Sun Communities, Inc. (NYSE:SUI) Receives $141.84 Average PT from Brokerages

Sun Communities, Inc. (NYSE:SUI) has received an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $141.2679.

Several analysts have recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Sun Communities from $148.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Barclays lowered their target price on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Wells Fargo & Company lowered their target price on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Evercore reiterated an “outperform” rating and issued a $144.00 target price on shares of Sun Communities in a report on Wednesday, April 29th. Finally, Zelman & Associates began coverage on shares of Sun Communities in a report on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price for the company.

Sun Communities Stock Performance

Shares of SUI stock opened at $120.60 on Thursday. The firm has a 50-day moving average of $126.46 and a 200-day moving average of $127.43. The company has a market cap of $14.86 billion, a P/E ratio of 10.95, a P/E/G ratio of 3.98 and a beta of 0.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39. Sun Communities has a one year low of $115.53 and a one year high of $137.85.

Sun Communities (NYSE:SUI) last announced its 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 during the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. 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 forecast that Sun Communities will post 6.94 EPS for the current fiscal year.

Sun Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, June 30th. Sun Communities’s dividend payout ratio (DPR) is 40.69%.

Insider Transactions at Sun Communities

In related news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 9,998 shares in the company, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.58% of the company’s stock.

Institutional Trading of Sun Communities

Large investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Sun Communities by 1,226.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 184 shares during the last quarter. Fulcrum Asset Management LLP purchased a new stake in Sun Communities during the third quarter worth about $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Sun Communities during the third quarter worth about $27,000. Global X Japan Co. Ltd. purchased a new position in shares of Sun Communities in the fourth quarter worth about $33,000. Finally, Assetmark Inc. increased its stake in shares of Sun Communities by 55.7% in the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

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.