Sun Communities (NYSE:SUI) Sees Large Volume Increase – Still a Buy?

Sun Communities, Inc. (NYSE:SUI) shares saw strong trading volume on Friday . 767,998 shares traded hands during mid-day trading, a decline of 20% from the previous session’s volume of 964,211 shares.The stock last traded at $121.4750 and had previously closed at $120.00.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SUI shares. Jefferies Financial Group upgraded Sun Communities to a “strong-buy” rating in a research report on Wednesday. Barclays decreased their target price on Sun Communities from $147.00 to $146.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Sun Communities in a research note on Thursday, May 14th. Mizuho cut their price target on Sun Communities from $143.00 to $137.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Finally, Evercore reiterated an “outperform” rating and issued a $144.00 price objective on shares of Sun Communities in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.05.

Sun Communities Price Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. The company has a market capitalization of $15.01 billion, a PE ratio of 11.07, a P/E/G ratio of 4.03 and a beta of 0.79. The company’s 50-day simple moving average is $122.04 and its 200-day simple moving average is $126.41.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business had revenue of $500.50 million during the quarter, compared to analyst estimates of $472.40 million. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. As a group, sell-side analysts anticipate that Sun Communities, Inc. will post 6.9 earnings per share for the current year.

Sun Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, June 30th. Sun Communities’s payout ratio is 40.69%.

Insider Activity at Sun Communities

In other Sun Communities news, Director Gary A. Shiffman sold 25,031 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the sale, the director directly owned 857,761 shares of the company’s stock, valued at approximately $102,897,009.56. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the transaction, the executive vice president owned 9,998 shares in the company, valued at $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sun Communities

Large investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. grew its position in 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 valued at $25,000 after buying an additional 184 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in Sun Communities during the 3rd quarter worth $27,000. Global X Japan Co. Ltd. purchased a new position in Sun Communities during the 4th quarter worth $33,000. Wiser Advisor Group LLC acquired a new stake in shares of Sun Communities in the 3rd quarter worth $46,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Sun Communities in the 4th quarter worth $48,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.

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.