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

Analysts at Zelman & Associates initiated coverage on shares of Sun Communities (NYSE:SUI) in a report issued on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $127.75 price target on the real estate investment trust’s stock. Zelman & Associates’ target price would suggest a potential downside of 4.59% from the stock’s previous close.

SUI has been the subject of several other research reports. Barclays increased their price objective on Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft raised Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, January 20th. Citigroup increased their price target on Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Truist Financial raised their price target on Sun Communities from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, UBS Group boosted their price target on Sun Communities from $126.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $139.98.

Sun Communities Stock Down 0.4%

Shares of NYSE:SUI traded down $0.55 during trading on Monday, reaching $133.90. The stock had a trading volume of 292,738 shares, compared to its average volume of 843,974. The firm’s 50-day simple moving average is $129.35 and its 200 day simple moving average is $127.16. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.58. Sun Communities has a one year low of $109.22 and a one year high of $137.85. The company has a market capitalization of $16.49 billion, a P/E ratio of 12.47, a PEG ratio of 4.49 and a beta of 0.87.

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, beating analysts’ consensus estimates of $1.37 by $0.03. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The company had revenue of $515.20 million during the quarter, compared to analysts’ expectations of $509.40 million. During the same quarter in the prior year, the company posted $1.41 earnings per share. Sun Communities’s revenue for the quarter was up .1% compared to the same quarter last year. 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, research analysts expect that Sun Communities will post 6.77 EPS for the current fiscal year.

Insider Transactions at Sun Communities

In other news, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total value of $19,378,768.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Clunet R. Lewis sold 3,200 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $136.15, for a total value of $435,680.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 163,875 shares of company stock valued at $20,331,287. 1.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sun Communities

A number of large investors have recently bought and sold shares of SUI. Thurston Springer Miller Herd & Titak Inc. raised its position in Sun Communities by 1,226.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 184 shares during the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Sun Communities in the third quarter worth $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Sun Communities in the third quarter worth $27,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Sun Communities during the second quarter worth $30,000. Finally, MAI Capital Management raised its holdings in shares of Sun Communities by 164.4% during the second quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 166 shares during the last quarter. 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.