Sun Communities, Inc. (NYSE:SUI) Raises Dividend to $1.12 Per Share

Sun Communities, Inc. (NYSE:SUI) announced a quarterly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 31st will be given a dividend of 1.12 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 7.7% increase from Sun Communities’s previous quarterly dividend of $1.04.

Sun Communities has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 8 years. Sun Communities has a payout ratio of 157.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Sun Communities to earn $7.02 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 59.3%.

Sun Communities Stock Up 1.2%

NYSE SUI traded up $1.61 during trading on Friday, reaching $136.61. 25,559 shares of the company’s stock were exchanged, compared to its average volume of 839,419. The company has a 50 day moving average price of $129.10 and a two-hundred day moving average price of $127.08. The stock has a market cap of $16.83 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 4.54 and a beta of 0.88. Sun Communities has a 1 year low of $109.22 and a 1 year high of $137.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.43 and a current ratio of 4.43.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $515.20 million for 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 business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 EPS. 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. On average, equities research analysts anticipate that Sun Communities will post 6.77 EPS for the current fiscal year.

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.