Sun Communities, Inc. (NYSE:SUI) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Sun Communities has a consensus analyst rating of “Moderate Buy” from 15 analysts, with 10 buy ratings and 5 holds. The average 12-month price target is about $141.13, above the stock’s recent trading level.
• The company’s latest quarterly results missed earnings expectations, posting EPS of -$0.07 versus the expected $1.31, though revenue came in above estimates at $500.5 million and rose 8% year over year.
• Sun Communities announced a quarterly dividend of $1.12 per share, payable July 15, implying an annualized yield of 3.8%. The company also reported insider selling by an executive vice president, while institutional ownership remains very high at 99.59%.

Shares of Sun Communities, Inc. (NYSE:SUI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $141.1250.

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Sun Communities from a "buy (b-)" rating to a "hold (c)" rating in a research report on Friday, May 1st. Evercore restated an "outperform" rating and issued a $144.00 price objective on shares of Sun Communities in a research report on Wednesday, April 29th. Royal Bank Of Canada cut their price objective on shares of Sun Communities from $151.00 to $149.00 and set an "outperform" rating for the company in a research report on Friday, June 5th. Mizuho assumed coverage on shares of Sun Communities in a research report on Tuesday, March 31st. They issued an "outperform" rating and a $143.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on shares of Sun Communities from $150.00 to $142.00 and set an "overweight" rating for the company in a research report on Friday, May 29th.

Sun Communities Price Performance

SUI opened at $118.51 on Monday. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 3.89 and a beta of 0.80. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $125.44 and a 200-day moving average price of $127.09. Sun Communities has a twelve month low of $115.53 and a twelve month high of $137.85.

Sun Communities (NYSE:SUI - Get Free Report) last posted its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($1.38). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The business had revenue of $500.50 million during the quarter, compared to analysts' expectations of $472.40 million. During the same quarter in the previous year, the business earned $1.26 EPS. Sun Communities's revenue for the quarter was up 8.0% on a year-over-year basis. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. Equities analysts expect that Sun Communities will post 6.94 EPS for the current year.

Sun Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.12 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.48 annualized dividend and a yield of 3.8%. Sun Communities's payout ratio is presently 40.69%.

Insider Transactions at Sun Communities

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of Sun Communities stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the completion of the sale, the executive vice president directly owned 9,998 shares in the company, valued at $1,244,051.14. The trade was a 70.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sun Communities

Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its position in Sun Communities by 182.9% during the first quarter. Parallel Advisors LLC now owns 2,031 shares of the real estate investment trust's stock valued at $256,000 after purchasing an additional 1,313 shares during the last quarter. Bank of America Corp DE lifted its position in Sun Communities by 9.4% during the first quarter. Bank of America Corp DE now owns 568,513 shares of the real estate investment trust's stock valued at $71,610,000 after purchasing an additional 48,649 shares during the last quarter. Arkadios Wealth Advisors lifted its position in Sun Communities by 12.2% during the first quarter. Arkadios Wealth Advisors now owns 8,619 shares of the real estate investment trust's stock valued at $1,086,000 after purchasing an additional 936 shares during the last quarter. Amundi lifted its position in Sun Communities by 19.7% during the first quarter. Amundi now owns 312,099 shares of the real estate investment trust's stock valued at $39,312,000 after purchasing an additional 51,265 shares during the last quarter. Finally, Adelante Capital Management LLC bought a new stake in Sun Communities during the first quarter valued at approximately $4,150,000. 99.59% of the stock is currently owned by institutional investors.

Sun Communities Company Profile

Sun Communities, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of manufactured housing communities, recreational vehicle (RV) resorts and marinas. The company's portfolio spans more than 500 manufactured housing communities and over 160 RV resorts, offering affordable, long-term housing as well as short-stay recreational lodging. Through professional on-site management and amenity-rich community designs, Sun Communities serves a diverse customer base that includes retirees, workforce families and vacationers.

Founded in 1975 and headquartered in Southfield, Michigan, Sun Communities has grown organically and through strategic acquisitions to become one of the largest operators in its sector.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.