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

Shares of Sun Communities, Inc. (NYSE:SUI) have been given an average recommendation of “Hold” by the fifteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $140.8571.

A number of analysts recently weighed in on SUI shares. Barclays upped their target price on shares of Sun Communities from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Morgan Stanley cut their price target on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Wells Fargo & Company raised shares of Sun Communities from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $133.00 to $150.00 in a report on Friday, February 27th. UBS Group increased their price objective on Sun Communities from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Citigroup lifted their price objective on Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, March 2nd.

Sun Communities Price Performance

Sun Communities stock opened at $134.44 on Friday. The firm has a market capitalization of $16.56 billion, a P/E ratio of 12.52, a PEG ratio of 4.49 and a beta of 0.88. Sun Communities has a one year low of $109.22 and a one year high of $137.85. 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 business has a fifty day moving average price of $129.35 and a 200-day moving average price of $127.14.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $515.20 million for the quarter, compared to analyst estimates 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 for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, equities research analysts forecast that Sun Communities will post 6.77 EPS for the current year.

Sun Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Sun Communities’s previous quarterly dividend of $1.04. Sun Communities’s payout ratio is 38.73%.

Insider Activity

In other Sun Communities news, Director Clunet R. Lewis sold 3,800 shares of Sun Communities stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.01, for a total transaction of $516,838.00. Following the completion of the sale, the director directly owned 16,817 shares in the company, valued at $2,287,280.17. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary A. Shiffman sold 156,875 shares of the business’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 SEC filing for this sale provides additional information. Insiders have sold 163,875 shares of company stock valued at $20,331,287 in the last three months. 1.77% of the stock is owned by insiders.

Institutional Trading of Sun Communities

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Sun Communities by 1.4% during the third quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock valued at $2,359,404,000 after purchasing an additional 249,501 shares in the last quarter. Dodge & Cox lifted its stake in Sun Communities by 2.0% during the third quarter. Dodge & Cox now owns 14,480,815 shares of the real estate investment trust’s stock worth $1,868,025,000 after purchasing an additional 282,055 shares during the last quarter. Norges Bank purchased a new position in shares of Sun Communities in the 2nd quarter worth about $925,926,000. State Street Corp boosted its holdings in shares of Sun Communities by 4.2% in the 3rd quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock worth $699,862,000 after purchasing an additional 214,634 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Sun Communities by 12.4% during the 4th quarter. Wellington Management Group LLP now owns 5,039,870 shares of the real estate investment trust’s stock valued at $624,490,000 after purchasing an additional 554,075 shares during the last quarter. 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.