Sun Communities (NYSE:SUI) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Sun Communities (NYSE:SUI) from an equal weight rating to an overweight rating in a report released on Friday, MarketBeat.com reports. They currently have $150.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $133.00.

Several other research analysts have also recently commented on SUI. Barclays reissued an “overweight” rating and set a $144.00 price target on shares of Sun Communities in a research report on Tuesday, January 13th. Truist Financial increased their price objective on Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Tuesday, January 20th. Finally, Morgan Stanley dropped their target price on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Seven 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’s stock. Based on data from MarketBeat.com, Sun Communities currently has a consensus rating of “Hold” and a consensus price target of $138.77.

Sun Communities Stock Up 0.7%

Sun Communities stock opened at $136.71 on Friday. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.58. Sun Communities has a 1-year low of $109.22 and a 1-year high of $137.84. The company has a fifty day simple moving average of $126.94 and a 200 day simple moving average of $126.49. The company has a market cap of $16.84 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 4.54 and a beta of 0.87.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $515.20 million during the quarter, compared to the consensus estimate of $509.40 million. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 EPS. 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. Research analysts anticipate that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

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

Insider Buying and Selling at Sun Communities

In other news, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SUI. CoreCap Advisors LLC lifted its position in Sun Communities by 3.8% during the fourth quarter. CoreCap Advisors LLC now owns 2,228 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 82 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sun Communities by 9.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 84 shares during the period. IFP Advisors Inc lifted its holdings in Sun Communities by 3.2% during the 4th quarter. IFP Advisors Inc now owns 2,902 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 89 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Sun Communities by 13.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 773 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 90 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in Sun Communities by 55.7% in the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds 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.