Sun Communities (NYSE:SUI) Stock Price Expected to Rise, Truist Financial Analyst Says

Sun Communities (NYSE:SUI) had its price objective hoisted by stock analysts at Truist Financial from $141.00 to $147.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential upside of 7.55% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $133.00 to $150.00 in a research report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft raised Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, January 20th. UBS Group increased their target price on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sun Communities currently has a consensus rating of “Hold” and a consensus target price of $140.29.

Sun Communities Stock Performance

SUI opened at $136.68 on Wednesday. The company has a 50 day simple moving average of $127.95 and a two-hundred day simple moving average of $126.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.43 and a quick ratio of 4.43. The firm has a market cap of $16.84 billion, a P/E ratio of 12.73, a PEG ratio of 4.52 and a beta of 0.88. Sun Communities has a 1-year low of $109.22 and a 1-year high of $137.85.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results 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. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The company had revenue of $515.20 million for the quarter, compared to analysts’ expectations of $509.40 million. During the same period in the previous year, the firm earned $1.41 EPS. The firm’s revenue was up .1% compared to the same quarter last year. 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. Equities analysts forecast that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Sun Communities

In other news, Director Gary A. Shiffman sold 156,875 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

Several large investors have recently added to or reduced their stakes in SUI. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Sun Communities by 1,226.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 184 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Sun Communities in the third quarter valued at about $27,000. Fulcrum Asset Management LLP purchased a new stake in Sun Communities in the third quarter worth about $27,000. Elevation Point Wealth Partners LLC bought a new position in Sun Communities during the 2nd quarter worth about $30,000. Finally, Global X Japan Co. Ltd. bought a new position in Sun Communities during the 4th quarter worth about $33,000. 99.59% of the stock is owned by hedge funds and other institutional investors.

About Sun Communities

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.