Sun Communities, Inc. (NYSE:SUI) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Sun Communities, Inc. (NYSE:SUI) has received an average analyst rating of "Hold", with fifteen analysts covering the stock, including one sell rating, eight holds, and six buys.
• The company recently reported quarterly earnings of $1.76 per share, exceeding analyst expectations and setting a FY 2025 guidance of 6.510-6.670 EPS.
• Sun Communities has declared a quarterly dividend of $1.04, representing an annualized yield of 3.2% and reflecting a payout ratio of 40.70%.

Sun Communities, Inc. (NYSE:SUI - Get Free Report) has earned an average rating of "Hold" from the fifteen brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $137.8571.

Several equities analysts have recently weighed in on SUI shares. Robert W. Baird upped their price objective on shares of Sun Communities from $126.00 to $134.00 and gave the company a "neutral" rating in a report on Monday, August 11th. Morgan Stanley set a $142.00 price objective on shares of Sun Communities in a report on Thursday, September 4th. Truist Financial upped their target price on shares of Sun Communities from $137.00 to $141.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of Sun Communities from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada lowered their target price on shares of Sun Communities from $147.00 to $143.00 and set an "outperform" rating on the stock in a report on Friday, August 1st.

Sun Communities Price Performance

SUI traded up $0.49 during trading on Friday, hitting $129.17. 23,197 shares of the stock traded hands, compared to its average volume of 875,747. The business has a 50 day moving average price of $125.99 and a 200 day moving average price of $125.50. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 6.61 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.08 and a quick ratio of 7.08. Sun Communities has a twelve month low of $109.22 and a twelve month high of $140.49.

Sun Communities (NYSE:SUI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. Sun Communities had a net margin of 48.86% and a negative return on equity of 0.60%. The company had revenue of $623.50 million for the quarter, compared to analysts' expectations of $614.79 million. During the same quarter in the previous year, the firm posted $1.86 earnings per share. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. Equities research analysts forecast that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $1.04 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.16 annualized dividend and a yield of 3.2%. Sun Communities's dividend payout ratio (DPR) is 40.70%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SUI. Opal Wealth Advisors LLC bought a new position in shares of Sun Communities during the 1st quarter valued at approximately $29,000. Twin Tree Management LP bought a new position in Sun Communities in the 1st quarter worth approximately $29,000. Elevation Point Wealth Partners LLC bought a new position in Sun Communities in the 2nd quarter worth approximately $30,000. Ransom Advisory Ltd bought a new position in Sun Communities in the 1st quarter worth approximately $31,000. Finally, MAI Capital Management boosted its holdings in Sun Communities by 164.4% in the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust's stock worth $34,000 after buying an additional 166 shares during the period. 99.59% of the stock is owned by institutional investors.

About Sun Communities

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.