Analysts Set Sun Communities, Inc. (NYSE:SUI) Target Price at $140.61

Shares of Sun Communities, Inc. (NYSE:SUI) have received an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $140.2344.

A number of equities analysts recently issued reports on SUI shares. Mizuho started coverage on shares of Sun Communities in a research report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 target price for the company. Weiss Ratings lowered shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday. Citigroup increased their target price 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. Barclays increased their target price on shares of Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Finally, Robert W. Baird increased their target price on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, March 6th.

Insider Buying and Selling at Sun Communities

In other news, Director Clunet R. Lewis sold 3,800 shares of the firm’s 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 in the company, valued at approximately $2,287,280.17. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.58% of the company’s stock.

Hedge Funds Weigh In On Sun Communities

Several large investors have recently made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Sun Communities during the 1st quarter valued at about $217,000. Principal Financial Group Inc. boosted its position in shares of Sun Communities by 14.6% during the 1st quarter. Principal Financial Group Inc. now owns 131,568 shares of the real estate investment trust’s stock valued at $16,572,000 after purchasing an additional 16,782 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Sun Communities by 16.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,233 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 312 shares in the last quarter. Arbejdsmarkedets Tillaegspension boosted its position in shares of Sun Communities by 4.1% during the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 196,774 shares of the real estate investment trust’s stock valued at $24,786,000 after purchasing an additional 7,738 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Sun Communities by 39.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,683 shares of the real estate investment trust’s stock valued at $7,014,000 after purchasing an additional 15,630 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.

Sun Communities Stock Up 0.4%

Sun Communities stock opened at $125.21 on Friday. The company has a 50-day simple moving average of $130.81 and a 200-day simple moving average of $127.52. The firm has a market capitalization of $15.43 billion, a P/E ratio of 11.37, a P/E/G ratio of 4.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. Sun Communities has a one year low of $115.53 and a one year high of $137.85.

Sun Communities (NYSE:SUI) last announced its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). The company had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. 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, equities analysts expect that Sun Communities will post 6.93 earnings per share for the current year.

Sun Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given 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 was Tuesday, March 31st. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. Sun Communities’s payout ratio is 40.69%.

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.