Sun Communities, Inc. (NYSE:SUI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Sun Communities, Inc. (NYSE:SUI) have been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $140.9107.

A number of equities research analysts recently issued reports on the company. Robert W. Baird upped their target price on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Jefferies Financial Group raised Sun Communities to a “strong-buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Sun Communities in a research note on Thursday, May 14th. Zelman & Associates assumed coverage on Sun Communities in a research note on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price on the stock. Finally, Colliers Securities raised Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Friday, May 22nd.

Insider Buying and Selling

In related news, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total value of $3,002,718.76. Following the sale, the director owned 857,761 shares of the company’s stock, valued at approximately $102,897,009.56. This represents a 2.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the transaction, the executive vice president directly owned 9,998 shares in the company, valued at approximately $1,244,051.14. This represents a 70.37% decrease in their position. The SEC filing for this sale provides additional information. 1.58% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Handelsbanken Fonder AB lifted its stake in shares of Sun Communities by 31.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 43,298 shares of the real estate investment trust’s stock worth $5,585,000 after purchasing an additional 10,382 shares during the period. Whittier Trust Co. lifted its stake in shares of Sun Communities by 8.8% during the 4th quarter. Whittier Trust Co. now owns 264,511 shares of the real estate investment trust’s stock worth $32,495,000 after purchasing an additional 21,364 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Sun Communities during the 3rd quarter worth $3,406,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Sun Communities by 9.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 110,415 shares of the real estate investment trust’s stock worth $13,564,000 after purchasing an additional 9,268 shares during the period. Finally, Inceptionr LLC purchased a new position in shares of Sun Communities during the 3rd quarter worth $961,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Price Performance

Shares of NYSE:SUI opened at $121.28 on Monday. Sun Communities has a 12 month low of $115.53 and a 12 month high of $137.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39. The business’s 50 day simple moving average is $124.47 and its 200-day simple moving average is $126.82. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 3.98 and a beta of 0.80.

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 analysts’ expectations of $472.40 million. During the same period in the previous year, the company 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. As a group, equities analysts forecast that Sun Communities will post 6.94 earnings per share for the current fiscal year.

Sun Communities Announces Dividend

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

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.