Sun Communities (NYSE:SUI) Upgraded to Strong-Buy at Odean Cap Resea

Odean Cap Resea upgraded shares of Sun Communities (NYSE:SUI) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

SUI has been the subject of a number of other reports. Royal Bank Of Canada cut their target price on Sun Communities from $151.00 to $149.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. Barclays dropped their price objective on Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Colliers Securities raised Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a report on Friday, May 22nd. Jefferies Financial Group upgraded shares of Sun Communities to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings cut shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.12.

Sun Communities Stock Performance

Shares of Sun Communities stock traded up $0.36 during trading hours on Thursday, hitting $119.10. 657,013 shares of the company were exchanged, compared to its average volume of 1,077,345. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $122.92 and a 200-day moving average of $126.66. Sun Communities has a 1 year low of $115.53 and a 1 year high of $137.85. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 3.92 and a beta of 0.79.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $1.26 earnings per share. 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, analysts expect that Sun Communities will post 6.9 EPS for the current fiscal year.

Sun Communities Announces Dividend

The company 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 annualized dividend and a yield of 3.8%. Sun Communities’s payout ratio is presently 40.69%.

Insider Transactions at Sun Communities

In related news, Director Gary A. Shiffman sold 25,031 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the sale, the director owned 857,761 shares in the company, valued at approximately $102,897,009.56. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 directly owned 9,998 shares of the company’s stock, valued at $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.58% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Sun Communities in the fourth quarter valued at $753,364,000. Wellington Management Group LLP boosted its stake in Sun Communities by 1,224.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock worth $578,668,000 after buying an additional 4,147,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Sun Communities by 37,933.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock worth $182,663,000 after buying an additional 1,470,286 shares during the last quarter. M&T Bank Corp boosted its stake in Sun Communities by 20,348.9% in the 4th quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock worth $61,749,000 after buying an additional 495,902 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Sun Communities by 152.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 767,190 shares of the real estate investment trust’s stock valued at $95,063,000 after buying an additional 463,312 shares during the period. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Company Profile

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.