Brokerages Set Sun Communities, Inc. (NYSE:SUI) PT at $138.43

Key Points

• Sun Communities, Inc. has received an average analyst rating of "Hold" from fifteen research firms, with one sell recommendation, eight holds, and six buys.
• The company recently increased its quarterly dividend to $1.04, representing an annualized dividend yield of 3.3% and a positive change from the previous dividend of $0.94.
• Sun Communities reported earnings of $1.76 EPS for the last quarter, surpassing consensus estimates, and has set guidance for FY 2025 EPS between 6.510-6.670.

Shares of Sun Communities, Inc. (NYSE:SUI - Get Free Report) have earned an average recommendation of "Hold" from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $138.2143.

A number of equities research analysts recently commented on the company. Morgan Stanley assumed coverage on Sun Communities in a report on Tuesday, July 15th. They set an "equal weight" rating and a $135.00 target price for the company. JMP Securities reaffirmed a "market outperform" rating and set a $140.00 target price on shares of Sun Communities in a report on Tuesday, May 20th. Barclays assumed coverage on Sun Communities in a report on Thursday, May 29th. They set an "overweight" rating and a $141.00 target price for the company. Robert W. Baird lifted their target price on Sun Communities from $126.00 to $134.00 and gave the stock a "neutral" rating in a report on Monday, August 11th. Finally, Wall Street Zen raised Sun Communities from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

Sun Communities Stock Down 0.9%

Shares of SUI stock traded down $1.09 during trading hours on Tuesday, reaching $125.45. 772,631 shares of the company's stock were exchanged, compared to its average volume of 876,473. Sun Communities has a 1 year low of $109.22 and a 1 year high of $147.83. The stock has a market cap of $15.70 billion, a PE ratio of 12.28, a PEG ratio of 6.44 and a beta of 0.83. The company has a current ratio of 7.08, a quick ratio of 7.08 and a debt-to-equity ratio of 0.55. The stock's fifty day moving average price is $125.66 and its two-hundred day moving average price is $125.77.

Sun Communities (NYSE:SUI - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $1.76 EPS for the quarter, topping 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 firm 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 company 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. Research analysts predict that Sun Communities will post 6.77 EPS for the current year.

Sun Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.04 dividend. The ex-dividend date of this dividend was Monday, June 30th. This is a boost from Sun Communities's previous quarterly dividend of $0.94. This represents a $4.16 dividend on an annualized basis and a yield of 3.3%. Sun Communities's dividend payout ratio is presently 40.70%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC lifted its holdings in Sun Communities by 1.3% in the second quarter. Orion Porfolio Solutions LLC now owns 9,335 shares of the real estate investment trust's stock valued at $1,181,000 after acquiring an additional 117 shares during the period. Hudson Bay Capital Management LP acquired a new position in Sun Communities in the second quarter valued at approximately $8,347,000. Parr Mcknight Wealth Management Group LLC lifted its holdings in Sun Communities by 3.1% in the second quarter. Parr Mcknight Wealth Management Group LLC now owns 10,183 shares of the real estate investment trust's stock valued at $1,288,000 after acquiring an additional 302 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Sun Communities by 24.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 246,627 shares of the real estate investment trust's stock valued at $31,215,000 after acquiring an additional 49,057 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in Sun Communities by 92.4% in the second quarter. Corient Private Wealth LLC now owns 178,520 shares of the real estate investment trust's stock valued at $22,175,000 after acquiring an additional 85,750 shares during the period. 99.59% of the stock is owned by institutional investors and hedge funds.

Sun Communities Company Profile

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.