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

Shares of Sun Communities, Inc. (NYSE:SUI) have received a consensus recommendation of “Hold” from the fourteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $137.4615.

A number of equities research analysts have recently weighed in on SUI shares. Robert W. Baird lifted their price objective on Sun Communities from $134.00 to $136.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Morgan Stanley lowered their target price on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Royal Bank Of Canada lifted their target price on Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Wells Fargo & Company increased their price target on shares of Sun Communities from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, October 8th.

Sun Communities Price Performance

Shares of SUI opened at $125.45 on Friday. The firm has a 50-day simple moving average of $125.39 and a two-hundred day simple moving average of $125.68. The stock has a market cap of $15.51 billion, a PE ratio of 15.72, a P/E/G ratio of 4.12 and a beta of 0.90. Sun Communities has a 1-year low of $109.22 and a 1-year high of $137.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick ratio of 6.01.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.10. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The firm had revenue of $697.20 million during the quarter, compared to analysts’ expectations of $713.32 million. During the same quarter last year, the company posted $2.34 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. 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. As a group, analysts forecast that Sun Communities will post 6.77 EPS for the current year.

Sun Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st will be paid a $1.04 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $4.16 annualized dividend and a dividend yield of 3.3%. Sun Communities’s payout ratio is 52.13%.

Insiders Place Their Bets

In other news, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total value of $19,378,768.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Clunet R. Lewis sold 4,000 shares of Sun Communities stock in a transaction on Monday, November 10th. The shares were sold at an average price of $126.24, for a total value of $504,960.00. Following the completion of the transaction, the director owned 26,000 shares of the company’s stock, valued at approximately $3,282,240. This trade represents a 13.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sun Communities

Several hedge funds and other institutional investors have recently made changes to their positions in SUI. Norges Bank purchased a new stake in shares of Sun Communities during the second quarter worth approximately $925,926,000. Wellington Management Group LLP lifted its stake in Sun Communities by 1,224.1% in the third quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock worth $578,668,000 after acquiring an additional 4,147,015 shares during the last quarter. Dodge & Cox grew its holdings in Sun Communities by 4.0% during the 2nd quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock worth $1,796,001,000 after acquiring an additional 550,940 shares in the last quarter. Millennium Management LLC increased its position in shares of Sun Communities by 124.4% in the 3rd quarter. Millennium Management LLC now owns 685,324 shares of the real estate investment trust’s stock valued at $88,407,000 after purchasing an additional 379,877 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Sun Communities in the 3rd quarter valued at approximately $42,260,000. 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.