Sun Communities (NYSE:SUI) Stock Gets Price Target Trim from Barclays

Sun Communities (NYSE:SUI) had its price objective decreased by Barclays from $147.00 to $143.00 in a research report report published on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on the company. Wells Fargo & Company dropped their price target on Sun Communities from $142.00 to $141.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Morgan Stanley reduced their price objective on Sun Communities from $135.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. Royal Bank Of Canada reduced their price objective on Sun Communities from $148.00 to $140.00 and set an “outperform” rating on the stock in a research report on Tuesday. Truist Financial decreased their price objective on Sun Communities from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, September 11th. Finally, Mizuho dropped their target price on Sun Communities from $137.00 to $136.00 and set an “outperform” rating for the company in a research report on Monday, September 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.36.

Sun Communities Price Performance

SUI stock opened at $117.83 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.52 and a quick ratio of 2.52. Sun Communities has a one year low of $109.77 and a one year high of $137.85. The stock has a market cap of $14.35 billion, a PE ratio of 16.75, a P/E/G ratio of 4.97 and a beta of 0.76. The firm has a 50 day simple moving average of $116.98 and a two-hundred day simple moving average of $121.55.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.08. Sun Communities had a negative net margin of 39.03% and a positive return on equity of 2.63%. The firm had revenue of $484.60 million for the quarter, compared to analyst estimates of $623.40 million. During the same quarter in the prior year, the firm earned $1.76 EPS. Sun Communities has set its FY 2026 guidance at 6.940-7.100 EPS and its Q3 2026 guidance at 2.230-2.330 EPS. On average, analysts predict that Sun Communities will post 7.00 EPS for the current fiscal year.

Sun Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $1.12 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.48 annualized dividend and a yield of 3.8%. Sun Communities’s payout ratio is currently -63.19%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Sun Communities in the 2nd quarter worth approximately $1,649,715,000. Dimensional Fund Advisors LP lifted its position in Sun Communities by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,812,301 shares of the real estate investment trust’s stock valued at $228,280,000 after purchasing an additional 51,588 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Sun Communities by 2.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,536,249 shares of the real estate investment trust’s stock valued at $184,212,000 after purchasing an additional 31,497 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Sun Communities in the second quarter worth $156,841,000. Finally, Legal & General Group Plc bought a new stake in Sun Communities during the 2nd quarter valued at $122,737,000. 99.59% of the stock is owned by institutional investors.

Sun Communities Company Profile

Sun Communities, Inc is a real estate investment trust that owns, operates and develops residential communities and recreational properties. Its portfolio primarily includes manufactured housing communities, recreational vehicle resorts and marinas.

The company provides housing and leisure-oriented accommodations through communities offering manufactured homes, seasonal and long-term RV sites, and related amenities. Its marina operations include wet slips, dry storage and other services for boat owners.

Founded in 1975, Sun Communities serves residents, vacationers and boaters across the United States, with additional operations in the United Kingdom.