Sun Communities (NYSE:SUI) Sees Strong Trading Volume – Time to Buy?

Shares of Sun Communities, Inc. (NYSE:SUI) saw unusually-strong trading volume on Wednesday . Approximately 1,144,223 shares were traded during trading, an increase of 24% from the previous session’s volume of 923,034 shares.The stock last traded at $121.0650 and had previously closed at $119.78.

Analyst Upgrades and Downgrades

SUI has been the topic of several recent research reports. Jefferies Financial Group raised shares of Sun Communities to a “strong-buy” rating in a report on Friday, June 26th. Barclays lowered their price target on shares of Sun Communities from $147.00 to $146.00 and set an “overweight” rating on the stock in a research report on Tuesday. Evercore restated an “outperform” rating and set a $144.00 price target on shares of Sun Communities in a research note on Wednesday, April 29th. Truist Financial cut their price objective on shares of Sun Communities from $141.00 to $138.00 and set a “buy” rating for the company in a report on Friday, June 26th. Finally, Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $140.05.

Sun Communities Trading Down 0.1%

The firm has a 50 day simple moving average of $122.67 and a 200 day simple moving average of $126.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. The firm has a market cap of $14.75 billion, a P/E ratio of 10.89, a P/E/G ratio of 3.99 and a beta of 0.79.

Sun Communities (NYSE:SUI) last posted its earnings results 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). 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 for the quarter, compared to analysts’ expectations of $472.40 million. During the same period in the previous year, the firm earned $1.26 EPS. The firm’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. On average, equities research analysts predict that Sun Communities, Inc. will post 6.9 EPS for the current fiscal year.

Sun Communities Dividend Announcement

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

Insider Buying and Selling

In other Sun Communities news, Director Gary A. Shiffman sold 25,031 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total value of $3,002,718.76. Following the completion of the transaction, the director directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the transaction, the executive vice president owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.58% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

A number of institutional investors and hedge funds have recently made changes to their positions in SUI. Norges Bank purchased a new position in shares of Sun Communities during the fourth quarter worth approximately $753,364,000. Wellington Management Group LLP boosted its stake in shares of 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 valued at $578,668,000 after purchasing an additional 4,147,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 valued at $182,663,000 after purchasing an additional 1,470,286 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Sun Communities by 20,348.9% during the 4th quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock valued at $61,749,000 after purchasing an additional 495,902 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Sun Communities by 152.5% during 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 purchasing an additional 463,312 shares during the last quarter. 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.