Sun Communities, Inc. (NYSE:SUI) Receives Average Recommendation of "Hold" from Brokerages

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 received a consensus recommendation of "Hold" from the fifteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $137.8571.

Several brokerages have recently weighed in on SUI. Morgan Stanley set a $142.00 price target on shares of Sun Communities in a research report on Thursday, September 4th. Barclays began coverage on shares of Sun Communities in a research note on Thursday, May 29th. They set an "overweight" rating and a $141.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Sun Communities from $135.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Robert W. Baird increased their price objective on shares of Sun Communities from $126.00 to $134.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada dropped their price objective on shares of Sun Communities from $147.00 to $143.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st.

Sun Communities Trading Up 0.1%

Sun Communities stock traded up $0.09 during trading hours on Friday, hitting $128.09. The company had a trading volume of 1,795,327 shares, compared to its average volume of 846,867. The firm has a market cap of $16.03 billion, a P/E ratio of 12.53, a P/E/G ratio of 6.61 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.08 and a current ratio of 7.08. Sun Communities has a 1 year low of $109.22 and a 1 year high of $144.62. The company has a 50-day moving average price of $125.92 and a two-hundred day moving average price of $125.58.

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

Sun Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.16 dividend on an annualized basis and a yield of 3.2%. Sun Communities's dividend payout ratio is presently 40.70%.

Institutional Investors Weigh In On Sun Communities

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Sun Communities by 8.0% during the second quarter. GAMMA Investing LLC now owns 1,131 shares of the real estate investment trust's stock valued at $143,000 after acquiring an additional 84 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sun Communities by 9.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust's stock valued at $127,000 after acquiring an additional 84 shares during the last quarter. Cascade Investment Advisors Inc. increased its stake in Sun Communities by 1.0% during the 1st quarter. Cascade Investment Advisors Inc. now owns 10,473 shares of the real estate investment trust's stock valued at $1,347,000 after purchasing an additional 100 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Sun Communities by 0.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,108 shares of the real estate investment trust's stock worth $3,487,000 after buying an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Sun Communities by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,504 shares of the real estate investment trust's stock worth $322,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 99.59% of the company's stock.

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.