Sun Communities (NYSE:SUI) Now Covered by Analysts at Zelman & Associates

Zelman & Associates initiated coverage on shares of Sun Communities (NYSE:SUI) in a research report report published on Monday morning,Benzinga reports. The firm issued an outperform rating and a $127.75 price objective on the real estate investment trust’s stock.

SUI has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Tuesday, January 20th. Citigroup lifted their price objective on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Morgan Stanley reduced 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 research report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, January 21st. Finally, Robert W. Baird raised their price target on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Nine 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.98.

Sun Communities Stock Up 0.4%

Shares of Sun Communities stock opened at $134.94 on Monday. Sun Communities has a twelve month low of $109.22 and a twelve month high of $137.85. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 4.49 and a beta of 0.87. 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 company has a fifty day moving average price of $129.63 and a 200 day moving average price of $127.23.

Sun Communities (NYSE:SUI) last issued 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. 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 quarter in the previous year, the firm posted $1.41 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. 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.

Sun Communities Increases Dividend

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

Insider Buying and Selling

In other news, Director Gary A. Shiffman sold 156,875 shares of the 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Clunet R. Lewis sold 3,800 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.01, for a total value of $516,838.00. Following the transaction, the director owned 16,817 shares of the company’s stock, valued at approximately $2,287,280.17. This trade represents a 18.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 163,875 shares of company stock worth $20,331,287. 1.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SUI. AQR Capital Management LLC raised its stake in shares of Sun Communities by 17.8% in the 1st quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock valued at $1,554,000 after purchasing an additional 1,827 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Sun Communities by 21.1% in the first quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust’s stock worth $25,128,000 after purchasing an additional 33,981 shares in the last quarter. Empowered Funds LLC grew its stake in Sun Communities by 32.5% in the first quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 829 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Sun Communities in the first quarter valued at about $362,000. Finally, Geode Capital Management LLC increased its holdings in Sun Communities by 2.3% in the second quarter. Geode Capital Management LLC now owns 2,296,740 shares of the real estate investment trust’s stock valued at $289,630,000 after buying an additional 52,502 shares during the last quarter. 99.59% of the stock is owned by institutional investors and hedge funds.

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.