Sun Communities (NYSE:SUI) Downgraded by Deutsche Bank Aktiengesellschaft to Hold

Deutsche Bank Aktiengesellschaft cut shares of Sun Communities (NYSE:SUI) from a buy rating to a hold rating in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have $138.00 price target on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $133.00 to $150.00 in a report on Friday, February 27th. UBS Group upped their price objective on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Citigroup upped their price objective on Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Mizuho began coverage on Sun Communities in a report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 price objective for the company. Finally, Robert W. Baird upped their price objective on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.73.

Sun Communities Trading Down 1.0%

SUI stock opened at $128.80 on Wednesday. The company has a market cap of $15.87 billion, a P/E ratio of 11.99, a PEG ratio of 4.44 and a beta of 0.90. Sun Communities has a twelve month low of $115.53 and a twelve month high of $137.85. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $130.84 and a 200-day moving average of $127.31.

Sun Communities (NYSE:SUI) last released its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $515.20 million during the quarter, compared to the consensus estimate of $509.40 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 earnings per share. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. As a group, equities research analysts expect that Sun Communities will post 6.77 EPS for the current year.

Sun Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.5%. This is an increase from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date was Tuesday, March 31st. Sun Communities’s dividend payout ratio is currently 41.71%.

Insider Activity

In other Sun Communities news, Director Clunet R. Lewis sold 3,200 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $136.15, for a total value of $435,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sun Communities

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Sun Communities by 1.4% in the third quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock worth $2,359,404,000 after acquiring an additional 249,501 shares in the last quarter. Dodge & Cox increased its holdings in shares of Sun Communities by 2.0% in the third quarter. Dodge & Cox now owns 14,480,815 shares of the real estate investment trust’s stock worth $1,868,025,000 after acquiring an additional 282,055 shares in the last quarter. Norges Bank bought a new stake in shares of Sun Communities in the fourth quarter worth about $753,364,000. State Street Corp increased its holdings in shares of Sun Communities by 4.2% in 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 in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Sun Communities by 12.4% in the fourth quarter. Wellington Management Group LLP now owns 5,039,870 shares of the real estate investment trust’s stock worth $624,490,000 after acquiring an additional 554,075 shares in the last quarter. 99.59% of the stock is currently owned by 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.