Sun Communities (NYSE:SUI) Upgraded to Hold at Wall Street Zen

Sun Communities (NYSE:SUI) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Several other research analysts have also issued reports on the stock. Evercore ISI increased their price target on shares of Sun Communities from $136.00 to $138.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Truist Financial raised their target price on shares of Sun Communities from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Wells Fargo & Company lowered their target price on shares of Sun Communities from $135.00 to $132.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Jefferies Financial Group set a $142.00 price target on Sun Communities and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada raised their price objective on Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $137.23.

Sun Communities Trading Up 1.9%

SUI opened at $126.62 on Friday. The stock has a market cap of $15.66 billion, a PE ratio of 15.87, a PEG ratio of 4.05 and a beta of 0.86. The company has a quick ratio of 7.08, a current ratio of 7.08 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average of $126.38 and a 200-day moving average of $125.41. Sun Communities has a 52 week low of $109.22 and a 52 week high of $137.77.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.10. The company had revenue of $697.20 million for the quarter, compared to analysts’ expectations of $713.32 million. Sun Communities had a negative return on equity of 4.51% and a net margin of 42.58%.The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 earnings per share. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS. FY 2025 guidance at 6.590-6.670 EPS. Equities research analysts predict that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Cerity Partners LLC boosted its holdings in shares of Sun Communities by 4.4% during the 1st quarter. Cerity Partners LLC now owns 28,577 shares of the real estate investment trust’s stock valued at $3,676,000 after acquiring an additional 1,211 shares during the last quarter. Xponance Inc. lifted its position in Sun Communities by 4.0% during the first quarter. Xponance Inc. now owns 12,881 shares of the real estate investment trust’s stock valued at $1,657,000 after purchasing an additional 498 shares during the period. Arizona State Retirement System boosted its holdings in Sun Communities by 1.7% in the first quarter. Arizona State Retirement System now owns 36,839 shares of the real estate investment trust’s stock worth $4,739,000 after purchasing an additional 629 shares during the last quarter. CWM LLC boosted its holdings in Sun Communities by 49.1% in the first quarter. CWM LLC now owns 2,434 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 801 shares during the last quarter. Finally, Prudent Man Advisors LLC bought a new stake in Sun Communities in the 1st quarter worth approximately $207,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Sun Communities Company Profile

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.