Sun Communities (NYSE:SUI) Reaches New 1-Year High on Analyst Upgrade

Sun Communities, Inc. (NYSE:SUI) shares hit a new 52-week high during mid-day trading on Friday after Wells Fargo & Company upgraded the stock from an equal weight rating to an overweight rating. Wells Fargo & Company now has a $150.00 price target on the stock, up from their previous price target of $133.00. Sun Communities traded as high as $137.84 and last traded at $136.4150, with a volume of 454488 shares changing hands. The stock had previously closed at $135.78.

Several other brokerages have also recently commented on SUI. Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Truist Financial lifted their price target on shares of Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. 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. Royal Bank Of Canada upped their price target on Sun Communities from $142.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Finally, Barclays reaffirmed an “overweight” rating and set a $144.00 price objective on shares of Sun Communities in a report on Tuesday, January 13th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $138.77.

Insider Transactions at Sun Communities

In other Sun Communities news, Director Gary A. Shiffman sold 156,875 shares of Sun Communities stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total value of $19,378,768.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in SUI. Norges Bank purchased a new stake in shares of Sun Communities during the 2nd quarter worth about $925,926,000. Wellington Management Group LLP raised its holdings 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 valued at $578,668,000 after buying an additional 4,147,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Sun Communities by 37,933.1% during the fourth 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 buying an additional 1,470,286 shares in the last quarter. Dodge & Cox grew its stake in Sun Communities by 4.0% during the second quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock worth $1,796,001,000 after buying an additional 550,940 shares during the period. Finally, M&T Bank Corp grew its stake in Sun Communities by 20,348.9% during the fourth 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 period. 99.59% of the stock is currently owned by institutional investors and hedge funds.

Sun Communities Stock Up 0.7%

The firm’s 50-day moving average price is $126.94 and its 200-day moving average price is $126.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.01 and a quick ratio of 6.01. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 4.52 and a beta of 0.90.

Sun Communities (NYSE:SUI) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The firm had revenue of $515.20 million during the quarter, compared to analysts’ expectations of $509.40 million. During the same period in the prior year, the company earned $1.41 EPS. The firm’s revenue was up .1% on a year-over-year basis. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. Sell-side analysts forecast that Sun Communities, Inc. will post 6.77 earnings per share for the current fiscal year.

Sun Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were paid a $1.04 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.0%. Sun Communities’s dividend payout ratio (DPR) is 38.73%.

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.