Brokerages Set Sun Communities, Inc. (NYSE:SUI) Target Price at $140.86

Shares of Sun Communities, Inc. (NYSE:SUI) have earned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $139.9833.

Several analysts recently weighed in on SUI shares. Deutsche Bank Aktiengesellschaft upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Tuesday, January 20th. Wells Fargo & Company upgraded shares of Sun Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $133.00 to $150.00 in a report on Friday, February 27th. Zelman & Associates initiated coverage on shares of Sun Communities in a research report on Monday, March 16th. They set an “outperform” rating and a $127.75 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, January 21st. Finally, Morgan Stanley lowered their price target on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th.

Insider Transactions at Sun Communities

In other Sun Communities news, Director Clunet R. Lewis sold 3,200 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

A number of hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. grew its stake in Sun Communities by 1,226.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Sun Communities in the third quarter worth about $27,000. Fulcrum Asset Management LLP purchased a new stake in shares of Sun Communities during the third quarter valued at about $27,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Sun Communities in the 2nd quarter valued at about $30,000. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Sun Communities in the 4th quarter valued at about $33,000. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Sun Communities Stock Down 0.5%

Shares of NYSE:SUI opened at $130.46 on Friday. Sun Communities has a 52-week low of $109.22 and a 52-week high of $137.85. The stock has a market cap of $16.07 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 4.48 and a beta of 0.88. The business’s 50 day moving average is $130.27 and its 200 day moving average is $127.37. 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 (NYSE:SUI) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, beating 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 business had revenue of $515.20 million during the quarter, compared to analyst estimates of $509.40 million. During the same period in the previous year, the company posted $1.41 EPS. Sun Communities’s 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. Sell-side analysts predict that Sun Communities will post 6.77 EPS for the current year.

Sun Communities Increases Dividend

The business also recently announced 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 an increase from Sun Communities’s previous quarterly dividend of $1.04. This represents a $4.48 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, March 31st. Sun Communities’s dividend payout ratio (DPR) is currently 41.71%.

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.