Sun Communities, Inc. (NYSE:SUI) Given Average Recommendation of "Hold" by Analysts

Key Points

• Sun Communities, Inc. has been rated with an average recommendation of "Hold" by 16 research firms, with one sell, nine hold, and six buy ratings.
• The company reported a Q2 EPS of $1.76, exceeding analysts' estimates of $1.67, and had revenue of $623.50 million, surpassing expectations of $614.79 million.
• Sun Communities will pay a $1.04 quarterly dividend on October 15th, representing an annualized yield of 3.4% and a payout ratio of 40.70%.

Sun Communities, Inc. (NYSE:SUI - Get Free Report) has received an average rating of "Hold" from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $137.8571.

Several research analysts have recently issued reports on SUI shares. Morgan Stanley set a $142.00 price target on shares of Sun Communities in a report on Thursday, September 4th. Royal Bank Of Canada decreased their price target on shares of Sun Communities from $147.00 to $143.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $135.00 price target on shares of Sun Communities and gave the company a "hold" rating in a research report on Wednesday, June 25th. Robert W. Baird upped their price target on shares of Sun Communities from $126.00 to $134.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Sun Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

Institutional Investors Weigh In On Sun Communities

Institutional investors have recently modified their holdings of the company. Yousif Capital Management LLC lifted its position in shares of Sun Communities by 4.2% during the 1st quarter. Yousif Capital Management LLC now owns 6,575 shares of the real estate investment trust's stock valued at $846,000 after acquiring an additional 263 shares during the period. GAMMA Investing LLC lifted its position in shares of Sun Communities by 23.8% during the 1st quarter. GAMMA Investing LLC now owns 1,047 shares of the real estate investment trust's stock valued at $135,000 after acquiring an additional 201 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Sun Communities by 1.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,162 shares of the real estate investment trust's stock valued at $1,693,000 after acquiring an additional 184 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Sun Communities during the 1st quarter valued at $29,000. Finally, State of Alaska Department of Revenue lifted its position in shares of Sun Communities by 3.5% during the 1st quarter. State of Alaska Department of Revenue now owns 61,583 shares of the real estate investment trust's stock valued at $7,921,000 after acquiring an additional 2,081 shares during the period. 99.59% of the stock is owned by institutional investors.

Sun Communities Price Performance

NYSE:SUI opened at $123.31 on Wednesday. The company has a quick ratio of 7.08, a current ratio of 7.08 and a debt-to-equity ratio of 0.55. The stock's 50 day moving average price is $127.12 and its two-hundred day moving average price is $125.18. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 6.26 and a beta of 0.86. Sun Communities has a 12-month low of $109.22 and a 12-month high of $140.49.

Sun Communities (NYSE:SUI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.09. Sun Communities had a negative return on equity of 0.60% and a net margin of 48.86%.The business had revenue of $623.50 million during the quarter, compared to the consensus estimate of $614.79 million. During the same quarter in the previous year, the firm earned $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. On average, analysts anticipate that Sun Communities will post 6.77 earnings per share for the current year.

Sun Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Sun Communities's dividend payout ratio is currently 40.70%.

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.

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