Sun Communities, Inc. (NYSE:SUI) Stock Has Average Target Price of $137.05 According to Analysts

Key Points

• Analyst sentiment is moderately bullish: Seventeen analysts have a consensus “Moderate Buy” rating on Sun Communities, with an average 12-month price target of $137.05 versus the reported share price of $120.46.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 99.59% of SUI shares, with several firms increasing their positions and BlackRock acquiring a stake valued at roughly $1.65 billion.
• Sun Communities beat quarterly EPS expectations and pays a dividend: The REIT reported adjusted EPS of $1.84, exceeding the $1.76 consensus estimate, and its quarterly dividend of $1.12 represents an annualized payout of $4.48 and a 3.7% yield.

Shares of Sun Communities, Inc. (NYSE:SUI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $137.05.

SUI has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Sun Communities from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Truist Financial dropped their price target on Sun Communities from $138.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, September 11th. Evercore set a $136.00 price objective on Sun Communities in a research report on Monday, September 21st. Weiss Ratings upgraded Sun Communities from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday. Finally, Royal Bank Of Canada reduced their price objective on Sun Communities from $148.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, October 13th.

Institutional Investors Weigh In On Sun Communities

Several hedge funds have recently modified their holdings of SUI. Engineers Gate Manager LP lifted its stake in Sun Communities by 5,319.8% during the second quarter. Engineers Gate Manager LP now owns 227,305 shares of the real estate investment trust's stock valued at $27,256,000 after buying an additional 223,111 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Sun Communities in the second quarter worth about $1,649,715,000. National Pension Service boosted its holdings in shares of Sun Communities by 164.0% in the second quarter. National Pension Service now owns 25,236 shares of the real estate investment trust's stock worth $3,026,000 after buying an additional 15,678 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of Sun Communities in the second quarter worth approximately $3,805,000. Finally, Squarepoint Ops LLC increased its position in shares of Sun Communities by 33.2% in the second quarter. Squarepoint Ops LLC now owns 92,172 shares of the real estate investment trust's stock worth $11,052,000 after acquiring an additional 22,985 shares in the last quarter. 99.59% of the stock is owned by hedge funds and other institutional investors.

Sun Communities Price Performance

Shares of SUI opened at $120.46 on Friday. The stock's fifty day moving average is $116.88 and its 200-day moving average is $121.24. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of -16.99, a price-to-earnings-growth ratio of 5.14 and a beta of 0.76. Sun Communities has a one year low of $109.77 and a one year high of $137.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.52 and a current ratio of 2.52.

Sun Communities (NYSE:SUI - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $484.60 million during the quarter, compared to analysts' expectations of $623.40 million. During the same period last year, the firm posted $1.76 earnings per share. 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. Equities analysts anticipate that Sun Communities will post 7.03 EPS for the current year.

Sun Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. Sun Communities's payout ratio is -63.19%.

Sun Communities Company Profile

Sun Communities, Inc NYSE: SUI is a real estate investment trust that owns, operates and develops manufactured housing communities, recreational vehicle (RV) resorts and marinas. The company provides residential sites for manufactured homes, seasonal and long-term RV accommodations, and marina facilities that include boat slips and related storage services.

Sun Communities also offers vacation accommodations and amenities such as swimming pools, clubhouses, recreational facilities and community services.

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