Sun Communities, Inc. (NYSE:SUI) Short Interest Update

Sun Communities, Inc. (NYSE:SUI) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 2,258,249 shares, a growth of 19.3% from the February 26th total of 1,892,891 shares. Based on an average daily trading volume, of 882,587 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.9% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SUI shares. Citigroup upped their price objective on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wells Fargo & Company raised Sun Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $133.00 to $150.00 in a research report on Friday, February 27th. Truist Financial upped their price target on Sun Communities from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. 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 research report on Tuesday, January 20th. Finally, Robert W. Baird lifted their price objective on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sun Communities has a consensus rating of “Moderate Buy” and an average target price of $140.17.

Sun Communities Stock Down 0.4%

Sun Communities stock traded down $0.46 during mid-day trading on Tuesday, reaching $125.74. 898,459 shares of the company’s stock were exchanged, compared to its average volume of 843,619. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. Sun Communities has a twelve month low of $109.22 and a twelve month high of $137.85. The company has a market cap of $15.49 billion, a P/E ratio of 11.71, a P/E/G ratio of 4.31 and a beta of 0.88. The company has a fifty day moving average of $130.30 and a 200-day moving average of $127.28.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The business had revenue of $515.20 million during the quarter, compared to the consensus estimate of $509.40 million. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Sell-side analysts expect that Sun Communities will post 6.77 EPS for the current year.

Sun Communities Increases Dividend

The business 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 dividend of $1.12 per share. This is a positive change from Sun Communities’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, March 31st. This represents a $4.48 annualized dividend and a yield of 3.6%. Sun Communities’s dividend payout ratio (DPR) is currently 38.73%.

Insiders Place Their Bets

In other Sun Communities news, Director Clunet R. Lewis sold 3,800 shares of the stock in a transaction dated 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 transaction, the director owned 16,817 shares of the company’s stock, valued at $2,287,280.17. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sun Communities

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Sun Communities by 1,226.7% during the fourth 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 period. Fulcrum Asset Management LLP purchased a new position in Sun Communities in the third quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new position in Sun Communities in the third quarter worth approximately $27,000. Elevation Point Wealth Partners LLC acquired a new position in Sun Communities during the 2nd quarter worth approximately $30,000. Finally, MAI Capital Management grew its holdings in Sun Communities by 164.4% during the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 166 shares in 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.