Sun Communities, Inc. (NYSE:SUI) Receives Average Rating of “Hold” from Analysts

Shares of Sun Communities, Inc. (NYSE:SUI) have been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $137.4167.

A number of brokerages recently issued reports on SUI. Evercore ISI increased their price objective on Sun Communities from $136.00 to $138.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Wells Fargo & Company upped their price target on Sun Communities from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, October 8th. Robert W. Baird boosted their price objective on shares of Sun Communities from $134.00 to $136.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Finally, Barclays increased their target price on shares of Sun Communities from $141.00 to $143.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th.

Insider Buying and Selling at Sun Communities

In related news, Director Clunet R. Lewis sold 4,000 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $126.24, for a total value of $504,960.00. Following the sale, the director owned 26,000 shares in the company, valued at approximately $3,282,240. This trade represents a 13.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SUI. Aster Capital Management DIFC Ltd bought a new stake in Sun Communities during the third quarter worth about $27,000. Fulcrum Asset Management LLP purchased a new position in shares of Sun Communities during the 3rd quarter valued at about $27,000. Twin Tree Management LP purchased a new position in shares of Sun Communities during the 1st quarter valued at about $29,000. Elevation Point Wealth Partners LLC bought a new stake in Sun Communities in the 2nd quarter worth approximately $30,000. Finally, Ransom Advisory Ltd purchased a new stake in Sun Communities in the first quarter worth approximately $31,000. Institutional investors own 99.59% of the company’s stock.

Sun Communities Stock Performance

Shares of SUI stock opened at $127.36 on Thursday. The firm’s 50 day moving average is $125.92 and its 200 day moving average is $125.75. The stock has a market capitalization of $15.75 billion, a P/E ratio of 15.96, a PEG ratio of 4.44 and a beta of 0.92. Sun Communities has a 12 month low of $109.22 and a 12 month high of $137.77. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.58.

Sun Communities (NYSE:SUI) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.10. The business had revenue of $697.20 million for the quarter, compared to analysts’ expectations of $713.32 million. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.34 EPS. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS. On average, sell-side analysts anticipate that Sun Communities will post 6.77 earnings per share for the current year.

About Sun Communities

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.