Sun Communities (NYSE:SUI) Sets New 52-Week High Following Analyst Upgrade

Sun Communities, Inc. (NYSE:SUI)’s share price reached a new 52-week high on Friday after Wells Fargo & Company upgraded the stock from an equal weight rating to an overweight rating. Wells Fargo & Company now has a $150.00 price target on the stock, up from their previous price target of $133.00. Sun Communities traded as high as $137.84 and last traded at $136.4150, with a volume of 454488 shares changing hands. The stock had previously closed at $135.78.

A number of other brokerages have also recently commented on SUI. Barclays restated an “overweight” rating and set a $144.00 target price on shares of Sun Communities in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, January 20th. Jefferies Financial Group set a $142.00 price objective on shares of Sun Communities and gave the stock a “buy” rating in a report on Monday, November 3rd. UBS Group lifted their target price on shares of Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Robert W. Baird upped their price target on Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $138.77.

Insider Buying and Selling at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sun Communities

A number of large investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC lifted its holdings in shares of Sun Communities by 3.8% during the 4th quarter. CoreCap Advisors LLC now owns 2,228 shares of the real estate investment trust’s stock valued at $276,000 after buying an additional 82 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sun Communities by 9.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 84 shares during the period. IFP Advisors Inc lifted its holdings in Sun Communities by 3.2% in the fourth quarter. IFP Advisors Inc now owns 2,902 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 89 shares during the period. EverSource Wealth Advisors LLC boosted its position in Sun Communities by 13.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 773 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 90 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Sun Communities by 55.7% during the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 97 shares during the period. Institutional investors own 99.59% of the company’s stock.

Sun Communities Trading Up 0.1%

The firm has a market capitalization of $16.80 billion, a P/E ratio of 12.68, a P/E/G ratio of 4.41 and a beta of 0.90. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $126.66 and a 200-day simple moving average of $126.41.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $515.20 million for the quarter, compared to analysts’ expectations of $509.40 million. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 forecast that Sun Communities, Inc. will post 6.77 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, December 31st were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Sun Communities’s dividend payout ratio (DPR) is currently 52.13%.

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.