Robert W. Baird Forecasts Strong Price Appreciation for Sun Communities (NYSE:SUI) Stock

Sun Communities (NYSE:SUI) had its target price raised by equities researchers at Robert W. Baird from $136.00 to $140.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective suggests a potential upside of 2.21% from the company’s current price.

Several other research firms have also recently weighed in on SUI. Morgan Stanley decreased their price objective on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Barclays restated an “overweight” rating and set a $144.00 price objective on shares of Sun Communities in a research report on Tuesday, January 13th. Royal Bank Of Canada upped their target price on shares of Sun Communities from $142.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research report on Wednesday, January 21st. Finally, UBS Group increased their price objective on Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $140.86.

Sun Communities Trading Up 0.2%

Sun Communities stock opened at $136.97 on Friday. The stock has a market cap of $16.87 billion, a P/E ratio of 12.75, a PEG ratio of 4.55 and a beta of 0.88. Sun Communities has a fifty-two week low of $109.22 and a fifty-two week high of $137.85. The firm’s fifty day moving average price is $128.20 and its 200-day moving average price is $126.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.43 and a current ratio of 4.43.

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

Insider Buying and Selling

In other news, Director Gary A. Shiffman sold 156,875 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this link. Also, Director Clunet R. Lewis sold 3,800 shares of Sun Communities stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.01, for a total transaction of $516,838.00. Following the completion of the transaction, the director directly owned 16,817 shares in the company, valued at approximately $2,287,280.17. The trade was a 18.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 163,875 shares of company stock worth $20,331,287 over the last ninety days. Insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

A number of large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC raised its stake in shares of 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 valued at $276,000 after acquiring an additional 82 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sun Communities by 9.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 84 shares during the period. IFP Advisors Inc raised its position 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 valued at $360,000 after purchasing an additional 89 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Sun Communities by 13.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 773 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 90 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Sun Communities by 55.7% in the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 97 shares during the last quarter. 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.