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

Key Points

• Broker sentiment is positive: Sun Communities has a consensus rating of “Moderate Buy” from 15 analysts, with 10 Buy ratings and 5 Hold ratings. The average 12-month price target is about $141.84.
• Recent earnings were mixed: The REIT reported -$0.07 EPS, well below expectations, but revenue came in at $500.5 million, topping estimates and rising 8% year over year. The company also guided Q2 2026 EPS at 1.71–1.79 and FY 2026 EPS at 6.87–7.07.
• Dividend and insider activity stood out: Sun Communities raised its quarterly dividend to $1.12 from $1.04, implying a 3.6% yield. Meanwhile, insiders have sold shares recently, including a large sale by EVP Fernando Castro-Caratini.

Shares of Sun Communities, Inc. (NYSE:SUI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $141.8393.

Several equities analysts have issued reports on the stock. 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 target for the company. Barclays decreased their price target on shares of Sun Communities from $148.00 to $147.00 and set an "overweight" rating for the company in a research report on Friday, May 22nd. Zelman & Associates assumed coverage on shares of Sun Communities in a research report on Monday, March 16th. They issued an "outperform" rating and a $127.75 price target for the company. Evercore restated an "outperform" rating and issued a $144.00 price target on shares of Sun Communities in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company upgraded shares of Sun Communities from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $133.00 to $150.00 in a research report on Friday, February 27th.

Sun Communities Stock Performance

NYSE SUI opened at $124.89 on Thursday. The firm's fifty day moving average price is $127.40 and its two-hundred day moving average price is $127.59. The stock has a market cap of $15.39 billion, a PE ratio of 11.34, a PEG ratio of 4.11 and a beta of 0.82. Sun Communities has a fifty-two week low of $115.53 and a fifty-two week high of $137.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39.

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 analysts' consensus estimates of $1.31 by ($1.38). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company had revenue of $500.50 million for the quarter, compared to the consensus estimate of $472.40 million. During the same period in the previous year, the firm posted $1.26 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. 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. On average, equities analysts expect that Sun Communities will post 6.92 EPS for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $1.12 dividend. This is an increase from Sun Communities's previous quarterly dividend of $1.04. The ex-dividend date was Tuesday, March 31st. This represents a $4.48 annualized dividend and a yield of 3.6%. Sun Communities's dividend payout ratio is currently 40.69%.

Insider Activity at Sun Communities

In other Sun Communities news, Director Clunet R. Lewis sold 3,800 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.01, for a total value of $516,838.00. Following the completion of the transaction, the director directly owned 16,817 shares in the company, valued at approximately $2,287,280.17. This represents a 18.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the company's 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 transaction, the executive vice president owned 9,998 shares of the company's stock, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 30,750 shares of company stock valued at $3,907,731. Corporate insiders own 1.58% of the company's stock.

Institutional Investors Weigh In On Sun Communities

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Sun Communities by 1.4% during the third quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust's stock worth $2,359,404,000 after acquiring an additional 249,501 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Sun Communities during the third quarter worth $3,406,000. Handelsbanken Fonder AB boosted its stake in Sun Communities by 31.5% during the third quarter. Handelsbanken Fonder AB now owns 43,298 shares of the real estate investment trust's stock worth $5,585,000 after acquiring an additional 10,382 shares in the last quarter. Land & Buildings Investment Management LLC boosted its stake in Sun Communities by 21.2% during the third quarter. Land & Buildings Investment Management LLC now owns 234,797 shares of the real estate investment trust's stock worth $30,289,000 after acquiring an additional 41,050 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co bought a new position in Sun Communities during the third quarter worth $2,002,000. 99.59% of the stock is currently owned by institutional investors and hedge funds.

About Sun Communities

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.

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