Sun Communities (NYSE:SUI) Now Covered by Analysts at Mizuho

Mizuho began coverage on shares of Sun Communities (NYSE:SUI) in a report released on Tuesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $143.00 price objective on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company raised shares of Sun Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $133.00 to $150.00 in a research report on Friday, February 27th. Citigroup lifted their price target on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, January 21st. Truist Financial boosted their price objective on shares of Sun Communities from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Barclays raised their target price on shares of Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.17.

Sun Communities Trading Down 0.4%

Shares of SUI opened at $125.74 on Tuesday. Sun Communities has a twelve month low of $109.22 and a twelve month high of $137.85. The firm has a market capitalization of $15.49 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 4.31 and a beta of 0.88. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $130.30 and its 200 day simple moving average is $127.28.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results 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 firm had revenue of $515.20 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up .1% compared to the same quarter last year. During the same quarter 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. On average, equities research analysts forecast that Sun Communities will post 6.77 earnings per share for the current year.

Sun Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, March 31st. Sun Communities’s payout ratio is 38.73%.

Insider Activity at Sun Communities

In related news, Director Clunet R. Lewis sold 3,200 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.89% of the company’s stock.

Institutional Trading of Sun Communities

Large investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Sun Communities during the fourth quarter worth $753,364,000. Wellington Management Group LLP boosted its stake in shares of 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 purchasing an additional 4,147,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Sun Communities by 37,933.1% during the 4th 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 purchasing an additional 1,470,286 shares in the last quarter. Dodge & Cox grew its holdings in Sun Communities by 4.0% during the 2nd quarter. Dodge & Cox now owns 14,198,760 shares of the real estate investment trust’s stock valued at $1,796,001,000 after purchasing an additional 550,940 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Sun Communities by 20,348.9% during the 4th 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. 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.